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Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate

Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 7.3 percent, thereafter. The required return is 15 percent and the company just paid a dividend of $3.40.

  1. What are the dividends each year for the next four years?
  2. What is the share price in three years?
  3. What is the current share price?

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