What is the current share price

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Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next five years, because the ?rm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $25 per share 6 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?

Reference no: EM131628499

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