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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 5 percent thereafter.

If the required return is 10 percent and the company just paid a $2.80 dividend. what is the current share price?

Multiple Choice

$82.73

$88.09

$79.42

$84.63

$86.36

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