Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 6.3 percent, thereafter. If the required return is 15 percent and the company just paid a dividend of $2.90, what is the current share price?

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A: Current share price is calculated using following equation Current share price =…

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A: Formulas:

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Q: Synovec Company is growing quickly. Dividends are expected to grow at a rate of 20 percent for the…

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Q: Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next…

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