Question: Supernormal growth. Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 30% for the next 3 years with the growth

Supernormal growth. Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 30% for the next 3 years with the growth rate falling off to a constant 4% thereafter. If the required return is 11%, and the company just paid a dividend of $2.45, what is the current share price?

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