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Synovec Corp. is expereincing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 16 percent the following
Synovec Corp. is expereincing rapid growth. Dividends are expected to grow at 26 percent per year during the next three years, 16 percent the following year, and 6 percent, indefinitely. The required return on this stock is 15 percent and the stock currently sells for $74 per share. What is the ptjected dividend for the coming year?
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