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Synovec Company is growing quickly. Dividends are expected to grow at a rate of 23 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 23 percent for the next 3 years, with the growth rate falling off to a constant 6 percent thereafter. If the required return is 13 percent and the company just paid a $1.40 dividend. what is the current share price? Multiple Choice $29.18 $31.68 $30.52 Multiple Choice $29.18 $31.68 $30.52 $32.98 $32.33

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