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9. Metallica Bearing, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm
9. Metallica Bearing, 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 $17 per share 10 years from today and will increase the dividend by 3.9% annually thereafter. If the required return on this stock is 12.5%, what is the current stock price? [10 pts) please show all steps thank you
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