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a. $119.50 b.$113.53 c. $123.09 d. $125.48 e, $110.65 Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock

a. $119.50
b.$113.53
c. $123.09
d. $125.48
e, $110.65
image text in transcribed
Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next 13 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $13 per share 14 years from today and will increase the dividend by 4 percent per year thereafter. If the required return on this stock is 8 percent, what is the current share price

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