Synovec Co$.$ is growing quickly. Dividends are expected to grow at a rate of $14$ percent for the next $3$ years, with the growth rate falling off to a constant $4$ percent thereafter.

If the required return is $7$ percent and the company just paid a $$2\mathrm{.}40$ dividend. what is the current share price?

Multiple Choice

$$108\mathrm{.}80$

$$10222$

$$106\mathrm{.}63$

Prev.

$10$ of $10$