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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

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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 $11 per share dividend 10 years from today and will increase the dividend by 4 percent per year thereafter. If the required return on this stock is 12 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 Maloney, Inc., has an odd dividend policy. The company has just pald a dividend of $7 per share and has announced that it will increase the dividend by $5 per share for each of the next five years, and then never pay another dividend. If you require a return of 12 percent on the company's stock, how much will you pay for a share today? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price

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