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value: 10.00 points Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 10 years because

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value: 10.00 points Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 10 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $8 per share dividend in 11 years and will increase the dividend by 4 percent per year thereafter. Required: If the required return on this stock is 11 percent, what is the current share price? (Do not round your intermediate calculations.) $36. 26 $42.26 $40.25 $38.24 $41, 46

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