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Synovec Company is growing quickly. Dividends are expected to grow at a rate of 26 percent for the next 3 years, with the growth rate

Synovec Company is growing quickly. Dividends are expected to grow at a rate of 26 percent for the next 3 years, with the growth rate falling off to a constant 8 percent thereafter. If the required return is 16 percent and the company just paid a $1.60 dividend. what is the current share price? Multiple Choice $34.02 $32.69 $29.54 $33.36 $31.31

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