Question: Problem 7 - 1 8 Supernormal Growth [ lll 1 1 ] Synovec Corporation is growing quickly. Dividends are expected to grow at a rate
Problem Supernormal Growth lll
Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of percent for the next three years, with the growth rate falling off to a constant percent, thereafter. If the required return is percent and the company just paid a dividend of $ what is the current share price?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
Answer is complete but not entirely correct.
tableShare price,$
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