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Synovec Company is growing quickly. Dividends are expected to grow at a rate of 22 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 22 percent for the next 3 years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 11 percent and the company just paid a $2.10 dividend. what is the current share price? Multiple Choice $50.04 $49.06 $44.95 $48.08 $46.27

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