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Metallic Bearings, Inc, is a young start-up company. No dividends will be paid on the stock over the next 9 years because the firm needs

Metallic Bearings, Inc, is a young start-up company. No dividends will be paid on the stock over the next 9 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $9 per share 10 years from today and will increase the dividend by 8 percent per year thereafter. If the required return on this stock is $15 per share, what is the current share price?

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