synovec co is

Question 8 (of 10) value: 1.00 points Problem 8-18 Supernormal Growth LO1] Synovec Co is growing quickly Dividends are expected to grow at a rate of 30 percent for the next three 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 dividend of $2.80. what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Current share price Hints References eBook & Resources