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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

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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 falling off to a constant 4 percent thereafter. If the required return is 9 percent and the company just paid a $2.50 dividend. what is the current share price? Multiple Choice $76.63 $73.37 $71.04 $75.09 $78.16

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