Question: Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next 3 years, with the growth rate

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 11 percent and the company just paid a $2.70 dividend. what is the current share price? $111.20 $103.24 $113.47 $11573 $109.61

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