Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 13 years bec

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Metallica Bearings Inc Is A Young Start Up Company No Dividends Will Be Paid On The Stock Over The Next 13 Years Bec 1 (32.86 KiB) Viewed 38 times

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 13 years because.the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $11 per share 14 years from today and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 9 percent, what is the current share price? Multiple Choice $109.72 $123.19 $113.62 $119.60 $125.58