Synovec Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during
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Synovec Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years, 17 percent over the following year, and then 4 percent per year indefinitely. The required return on this stock is 10 percent, and the stock currently sells for $71 per share. What is the projected dividend for the coming year?
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Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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