Mathematics, 14.04.2020 03:27 hayleedowney0143
Synovec Corporation is expected to pay the following dividends over the next four years: $7, $13, $18, and $8.25. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 10.4 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)
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Synovec Corporation is expected to pay the following dividends over the next four years: $7, $13, $1...
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