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What is the current share price for synovec co

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Problem 1: Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 10 percent, and the company just paid a dividend of $1.00, what is the current share price?

Reference no: EM132856483

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