CH 7 HWK SP18 connect. FINANCE pi HWK SP18 Question 8 (of 10) value: 1.00 points Metallica Bearings, 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 eamings to fuel growth. The company will then pay a dividend of $15 per share 10 years from today and will increase the dividend by 5 percent per year thereafter. Required If the required return on this stock is 14 percent, what is the current share price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current share price References eBook &Resources Worksheet Learning Objective: 07-01 Assess how stock prices depend on future dividends and dividend growth. Difficulty: 2 Intermediate Section: 7.1 Common Stock Valuation Check my work 2