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Metallica Bearings , Incorporated , is a young startup company . No dividends will be paid on the stock over the next nine years because

Metallica Bearings , Incorporated , is a young startup 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 then pay a dividend of $14 per share 10 years from today and will increase the dividend by 3.9 percent per year , thereafter . If the required return on this stock is 11.5 percent , what is the current share price ?

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