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Metakica fiearings, Incorporated, in a young start up company. No dividends will be paid on the stock over the next nine yeurs, because the firm
Metakica fiearings, Incorporated, in a young start up company. No dividends will be paid on the stock over the next nine yeurs, because the firm needs to plow back es earnings to fuet growth The company will pary a dividend of $18 per share in 10 years and will increase the dividend by 6 percent per vear theteafter. If the required return on this stock is 13 petcent, what is the carrent shace prike? (Do not round intermedinte colculations and round your antwer to 2 decimal ploces, 6.9,32.16 )
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