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 1 year ago

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