Metallica bearings inc is a young start-up company no, Ask an Expert

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Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 11 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $7 per share dividend in 12 years and will increase the dividend by 7 percent per year thereafter.

Required: If the required return on this stock is 15 percent, what is the current share price?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92781700

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