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metallica bearings inc. is a young start- up comapny. no dividends will be paid on the stock over the next nine years because the firm

metallica bearings inc. is a young start- up comapny. 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 then pay a dividend of $23 per share 10 years from today and will increase the dividend by 5 percent per year thereafter. if the required rate of return on this stock is 12 percent, what is the current share price?

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