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METLOCK Ltd . had earnings per share of $ 5 as of December 3 1 , 2 0 2 2 , but paid no dividends.
METLOCK Ltd had earnings per share of $ as of December but paid no dividends. Earnings were expected to grow at percent per year for the following five years. METLOCK Ltd will start paying dividends for the first time on December distributing percent of its earnings to shareholders. Earnings growth will be percent per year for the next six years that is from January through to December Starting on December METLOCK Ltd will begin to pay out percent of its earnings in dividends and earnings growth will stabilize at percent per year in perpetuity. The required rate of return on METLOCK stock is percent. What should be the current share price of METLOCK
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