What is the current share price-synovec co

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Reference no: EM132681980

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 5.66 percent for the next three years, with the growth rate falling off to a constant 1.02 percent thereafter. If the required return is 11.03 percent and the company just paid a dividend of $1.71, what is the current share price? Omit the $ dollar sign and commas. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16).

Reference no: EM132681980

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