Question

In: Finance

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 27 percent...

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

Solutions

Expert Solution

Answer:- $54.72

Explanation:-

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 27 percent...
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 6 percent thereafter. If the required return is 14 percent and the company just paid a $1.50 dividend. what is the current share price? $33.75 $31.01 $32.42 $33.09 $29.71
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent...
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 12 percent, and the company just paid a dividend of $3.85, what is the current share price?
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent...
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter.    If the required return is 12 percent and the company just paid a $1.50 dividend. what is the current share price? Multiple Choice $48.12 $50.08 $44.43 $47.06 $49.10
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 29 percent...
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next 3 years, with the growth rate falling off to a constant 8 percent thereafter.    If the required return is 15 percent and the company just paid a $3.60 dividend. what is the current share price?
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 4.31 percent...
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 4.31 percent for the next three years, with the growth rate falling off to a constant 6.96 percent thereafter. If the required return is 9.95 percent and the company just paid a dividend of $7.19, what is the current share price?
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent...
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 22 percent for the next 3 years, with the growth rate falling off to a constant 6 percent thereafter.    If the required return is 9 percent and the company just paid a $2.80 dividend. what is the current share price? Multiple Choice $146.30 $152.27 $149.29 $145.36 $137.83
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 23 percent...
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 23 percent for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 9 percent and the company just paid a $3.60 dividend. what is the current share price?
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?
Janicex co is growing quickly. dividends are expected to grow at a rate of 20 percent...
Janicex co is growing quickly. dividends are expected to grow at a rate of 20 percent for the next three years, with growth rate falling off to a constant 5 percent thereafter. If the required return is 14 percent and the company just paid a dividend of $2.50, what is the current share price?
Marcel Co. is growing quickly. Dividends are expected to grow at a 21 percent rate for...
Marcel Co. is growing quickly. Dividends are expected to grow at a 21 percent rate for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter. Required: If the required return is 12 percent and the company just paid a $3.80 dividend. what is the current share price? (Do not round your intermediate calculations.) Answer choices: $86.91 $77.51 $83.50 $85.21 $80.42
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT