If the required return on this stock is 7 percent what is


Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 11 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $12 per share dividend in 12 years and will increase the dividend by 4 percent per year thereafter. Required: If the required return on this stock is 7 percent, what is the current share price? (Do not round your intermediate calculations.)

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Financial Management: If the required return on this stock is 7 percent what is
Reference No:- TGS02832935

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