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What is the current share price

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Reference no: EM132379895

Synovec Corporation is expected to pay the following dividends over the next four years: $5.70, $16.70, $21.70, and $3.50. Afterward, the company pledges to maintain a constant 5.5 percent growth rate in dividends forever.

If the required return on the stock is 9 percent, what is the current share price?

Reference no: EM132379895

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