What is the current share price-synovec co

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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 19 percent for the next 3 years, with the growth rate falling off to a constant 3 percent thereafter.

If the required return is 7 percent and the company just paid a $1.60 dividend. What is the current share price?

Reference no: EM133002888

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