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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 18 percent for the next 3 years, with the growth rate

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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 18 percent for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 10 percent and the company just paid a $3.80 dividend. what is the current share price? Multiple Choice $109.41 O $106.96 $113.88 O $102.69 $111.65

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