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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

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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 falling off to a constant 3 percent thereafter. If the required return is 9 percent and the company just paid a $2.50 dividend. what is the current share price? Multiple Choice $66.11 $71.00 $68?7 $66.11 $71.00 $68.22 $69.61 $64.64

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