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Synovec Company is growing quickly. Dividends are expected to grow at a rate of 19 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 19 percent for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 12 percent and the company just paid a $3.50 dividend. what is the current share price? (Note: since the dividend at time 0 of $2.70 has just been paid, do not include it in the price at time 0.) Multiple Choice $68.09 $73.34 $76.34 $74.84 $70.64

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