### What is current share price-dividends are expected to grow

Assignment Help Financial Management
##### Reference no: EM131023183

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 6 percent thereafter. If the required return is 14 percent, and the company just paid a dividend of \$3.40, what is the current share price?

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