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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 dividend of $20 per share 10 years from today It will increase the dividend by 5 percent per year thereafter. The required return on this stock is 14.5 percent What is the current share price of Metallica? Hint: Find P9 first. Po=$58.75 B Po=$62.24 Po=$26.42 (D) Po=$65.34

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