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Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs

Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $10 per share 8 years from today and will increase the dividend by 6 percent per year thereafter. If the required return on this stock is 13 percent, what is the current share price? Multiple Choice $62.54 $60.72 $57.69 $63.76 $53.74

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