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Synovec Company is growing quickly. Dividends are expected to grow at a rate of 21 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 21 percent for the next 3 years, with the growth rate faling off to a constant 7 percent thereafter. If the required return is 13 percent and the company just paid a $1.20 dividend. what is the current share price? Multiple Choice $28.94 $27.39 $29.80 $31.02

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