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Business, 14.11.2019 03:31 heids17043

Synovec co. is growing quickly. dividends are expected to grow at a rate of 20 percent for the next three years, with the growth rate falling off to a constant 8 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $1.45, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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