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 6 percent thereafter. If the required return is 11 percent and the company just paid a $3.90 dividend. what is the current share price? Multiple Choice O $113.04 $105.25 $117.65 $110.54

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 6 percent thereafter. If the required return is 11 percent and the company just paid a $3.90 dividend. what is the current share price? Multiple Choice O $113.04 $105.25 $117.65 $110.54

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EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter12: The Cost Of Capital

Section: Chapter Questions

Problem 5P

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