Synovec Corp. is experiencing rapid growth. Dividends are expected to grow at 2 6 percent per year
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Synovec Corp. is experiencing rapid growth. Dividends are expected to grow at percent per year during the next three years, percent over the following year, and then percent per year indefinitely. The required return on this stock is percent, and the stock currently sells for $ per share. What is the projected dividend for the coming year? Do not round intermediate calculations and round your answer to decimal places, eg
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