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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step-by-step explanation:

9-15%

12.5 feet

step-by-step explanation:

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step-by-step explanation:

hello from mrbilldoesmath!

answer:

(7 x + 6 y) (49 x^2 - 42 x y + 36 y^2)

discussion:

the trick is to recognize that 343 = 7^3 and 216 = 6^3 and, in general,

a^3 + b^3 =   (a + b) (a^2 - a b + b^2).

in our case

343x^3+216y^3   =   (7x)^3 + (6y)^3

so take a = 7x and b = 6y in the above equation to get the answer.

you,

mrb