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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 21 percent for the next 3 years, with the growth rate
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 21 percent for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 11 percent and the company just paid a $3.00 dividend. what is the current share price? Multiple Choice O $78.73 0 $7199 $71.99 0 $7715 $77.15 $80.30 $74.84
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