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Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next 13 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 13 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $11 per share 14 years from today and will increase the dividend by 4 percent per year thereafter. If the required return on this stock is 9 percent, what is the current share price? Multiple Choice $73.91 $65.83 $7176 $6817

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