Shar the current share price? 15. Nonconstant Growth (LO1] Metallica Bearings, Inc., is a young...
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Shar the current share price? 15. Nonconstant Growth (LO1] 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 $14 per share thereafter. If the required return on this stock is 12.5 percent, what is the current share dividend 10 years from today and will increase the dividend by 3.9 percent per year
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