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Synovec Company is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next 3 years, with the growth rate

image text in transcribed Synovec Company is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 13 percent and the company just paid a $3.30 dividend. what is the current share price? Multiple Choice $61.79 $64.31 $57.08 $59.10 $63.05

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