Synovec Company 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 5 percent thereafter. If the required return is 9 percent and the company just paid a $1.40 dividend. what is the current share price? Multiple Choice O $48.89 $53.90 $51.02 $51.78

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Synovec Company 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 5 percent
thereafter.
If the required return is 9 percent and the company just paid a $1.40 dividend. what is
the current share price?
Multiple Choice
$48.89
$53.90
$51.02
$51.78
Transcribed Image Text:Synovec Company 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 5 percent thereafter. If the required return is 9 percent and the company just paid a $1.40 dividend. what is the current share price? Multiple Choice $48.89 $53.90 $51.02 $51.78
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