Business, 07.10.2019 20:30 brin1021

Metallica bearings, inc., is a young start-up company. no dividends will be paid on the stock over the next nine years, because the firm needs to plow back its earnings to fuel growth. the company will pay a dividend of $11 per share exactly 10 years from today and will increase the dividend by 4 percent per year thereafter. if the required return on this stock is 12 percent, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Metallica bearings, inc., is a young start-up company. no dividends will be paid on the stock over t...