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Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 1.65 percent...
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 1.65 percent for the next three years, with the growth rate falling off to a constant 5.4 percent thereafter. If the required return is 7.12 percent and the company just paid a dividend of $5.23, what is the current share price?
Omit the $ dollar sign and commas. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16).
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