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11.10,0 points Problem 8-15 Nonconstant Growth [LO1 Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the
11.10,0 points Problem 8-15 Nonconstant Growth [LO1 Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next share dividend 10 years from today and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 11 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price
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