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Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next few years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a $3 per share dividend in year 6 and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 12 percent, what is the current share price?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91587426

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