What is the current stock price for metallica bearings inc

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Question 1: 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 all the earnings to fuel growth. The company will pay an $7 per share dividend in 10 years and will increase the dividend by 6% per year, thereafter. If the required return on this stock is 13%, what is the current stock price?

Reference no: EM132869268

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