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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next 3 years, with the growth rate

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 11 percent and the company just paid a $1.90 dividend. what is the current share price? A) $75.88 B) $71.87 C) $74.39 D) $67.70 E) $72.90

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