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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 its earnings to fuel growth. The company will pay a dividend of $7 per share 9 years from today and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 10 percent, what is the current share price? Multiple Choice $84.09 $74.22 $81.64 $85.72 $77.56

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