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Current Share Price Assignment | Homework For You

Author:
June 3rd, 2020
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 16 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 $1.50 dividend. what is the current share price? 8
Multiple Choice 0 $53.42 0 $51.30 0 $55.60 0 $54.51 0 O $52.60Get Finance homework help todayHomework For You

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