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Synovec Company is growing quickly. Dividends are expected to grow at a rate of 19 percent for the next 3 years, with the growth rate
Synovec Company is growing quickly. Dividends are expected to grow at a rate of 19 percent for the next 3 years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 9 percent and the company just paid a $2.20 dividend. what is the current share price? Multiple Choice $68.78 $64.57 $67.43 $66.08 $62.52
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