In: Finance
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 27 percent for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. |
If the required return is 14 percent and the company just paid a $2.20 dividend. what is the current share price? |
Multiple Choice
$54.72
$51.68
$49.01
$53.62
$55.81