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Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth
Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth rate falling off to a constant 7.5 percent, thereafter. The required return is 13 percent and the company just paid a dividend of $2.55. What are the dividends each year for the next four years? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Year 1 Year 2 Year 3 Year 4 What is the share price in three years? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Share price in three years
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