Metallica Bearings, Inc., is a Young Start-up Company

Answer for Metallica Bearings, Inc., is a Young Start-up Company for $1 Only (Instant Download)

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 14 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $13 per share 15 years from today and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 11 percent, what is the current share price? Multiple Choice

$57.30

$63.33

$62.13

$60.32

$54.34

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