es Metallica Bearings, Inc., 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 $9 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 9 percent, what is the current share price? Multiple Choice O O $55.78 $53.86 $60.47

Metallica Bearings, Inc., 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 $9 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 9 percent, what is the current share price? Multiple Choice $55.78 $53.86 $60.47 $55.78 $53.86 $60.47 $61.65 $58.71