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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 falling off to a constant 5 percent thereafter. If the required return is 8 percent and the company just paid a $1.40 dividend. what is the current share price? Multiple Choice $72.72 $75.69 $69.10 $72.24 $74.20 Mannix Corporation stock currently sells for $115 per share. The market requires a return of 11 percent on the firm's stock. If the company maintains a constant 6 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? Multiple Choice $19.61 $7.64 $5.75 $5.21 $5.42

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