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Business, 05.07.2019 17:20 unknown6669

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 $15 per share 10 years from today and will increase the dividend by 5 percent per year thereafter. if the required return on this stock is 10.5 percent, what is the current share price?

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