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Synovec Company is growing quickly. Dividends are expected to grow at a rate of 24 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 24 percent for the next 3 years, with the growth rate falling off to a constant 4 percent thereaftet: If the required return is 12 percent and the company just paid a $1,40 dividend, what is the current share price? Mutiple Choice $27.22 $2797 $2987 $2927

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