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Metallica Bearings, Incorporated, is a young start-up company, No dividends will be paid on the stock over the next 8 years because the firm needs

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Metallica Bearings, Incorporated, is a young start-up company, No dividends will be paid on the stock over the next 8 years because the firm needs to plow back lis earnings to fuel growth. The company will pay a dividend of $7 per share 9 years from today and will increase the dividend by 3 percent per year thereafter. If the required return on this stock is 9 percent, what is the current share price? Multiple Choice $60.31 $61.48 56031 561.48 55562 55372 $5855

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