Sinclair Pharmaceuticals, a small drug company, develops a vaccine that will protect against Helicobacter pylort,...
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Sinclair Pharmaceuticals, a small drug company, develops a vaccine that will protect against Helicobacter pylort, a bacteria that is the cause of a number of doses of the stomach. It is expected that Sinclair Pharmaceuticals will experience extremely high growth over the next three years and will reinvest of its coming inpanding the company over this time. Earnings were $1.10 per share before the development of the vaccine and are expected to grow by 40% per year for the next three years. Ater this time, it is expected growth will drop to 4% and stay there for the expected future. Four years from now Sindair will pay dividends that are 75% of touring its equity cost of capital is 11%, what is the value of a share of Sinclair Pharmaceuticals today? O A $33.63 OB. $19.67 C. $24.50 OD. $31.97
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