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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 7 percent thereafter. If the required return is 14 percent and the company just paid a $3.60 dividend. what is the current share price? Multiple Choice $81.95 $83.63 $74.93 $85.30 $78.99

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