Question
Synovec Company is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next 3 years, with the growth rate
Synovec Company is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next 3 years, with the growth rate falling off to a constant 6 percent thereafter.
If the required return is 11 percent and the company just paid a $1.90 dividend. what is the current share price?
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The New CFO Financial Leadership Manual
Authors: Steven M. Bragg
3rd Edition
0470882565, 978-0470882566
