Business, 21.03.2020 07:47 snlawson9053
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $16.75 per share 8 years from today and will increase the dividend by 6 percent per year thereafter. The required return on the stock is 14 percent.
What is the price of the stock 7 years from today? (Do not round intermediate calculations. Round your answer to 2 decimal places
Price in 7 years $
What is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places
Current share price $
Answers: 2
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Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over t...
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