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Business, 08.06.2021 15:40 joel3410

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $9.57 per share dividend in 8 years and will increase the dividend by 0.06 per year thereafter. If the required return on this stock is 0.14, what is the current share price? Answer with 2 decimals (e. g. 45.45).

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Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over t...
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