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Metallica Bearings, Inc. is a young start-up company. No dividends will be paid on the stock over the next 12 years because the firm needs

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Metallica Bearings, Inc. is a young start-up company. No dividends will be paid on the stock over the next 12 years because the firm needs to plow back Its earnings to fuel growth. The company will pay a dividend of $10 per share 13 years from today and will increase the dividend by 5 percent per year thereafter. If the required return on this stock is 10 percent. what is the current share price? Multiple Choice $63.73 O $60.54 $65.64 $57.93 $66.91

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