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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
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 8 percent thereafter. If the required return is 11 percent and the company just paid a $3.70 dividend. what is the current share price? Multiple Choice $164.62 $176.62 $181.30 $184.92 $177.67
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