HW 6 Question 6 (of 15) 6. value: 7.14 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 earnings to fuel growth. The company will pay a $12 per share dividend 10 years from today and will increase the dividend by 5 percent per year thereafter. If the required return on this stock is 14 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 References eBook & Resources Worksheet Learning Objective: 08-01 How stock prices depend on future dividends and dividend growth. Difficulty: Intermediate Section: 8.1 Common Stock Valuation