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Synovec Company 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 Company 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 3 percent. thereafter. If the required return is 7 percent and the company just pald a $1.20 dividend. what 15 the current share price? Multiple Choice $44.92 $46.75 $44.23 $43.12 $45.94

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