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USE THE TWO-STAGE FORMULA TO SOLVE THIS. Write the formula, substitute values and answer 10) Synovec Co. is growing quickly. Dividends are expected to grow

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USE THE TWO-STAGE FORMULA TO SOLVE THIS. Write the formula, substitute values and answer

10) Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 10 percent, and the company just paid a dividend of $2.95, what is the current share price

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