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Save & Exit Help Submit Homework 3 Check my work 12 10 Metallica Bearings, Inc....

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Save & Exit Help Submit Homework 3 Check my work 12 10 Metallica Bearings, Inc. is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $14 per share 10 years from today and will Increase the dividend by 6 percent per year thereafter. If the required return on this stock is 14 percent, what is the current share price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) Current share price P ME HII

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