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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 21 percent...

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 21 percent for the next 3 years, with the growth rate falling off to a constant 4 percent thereafter.

  

If the required return is 11 percent and the company just paid a $2.70 dividend. what is the current share price?

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NO INTERMEDIATE ROUNDING IS DONE

jeff jeffy answered 2 hours ago
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