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Lapatulllka [165]
2 years ago
9

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 9 years because the

firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $15.75 per share 10 years from today and will increase the dividend by 5 percent per year thereafter.
If the required return on this stock is 13 percent, what is the current share price?
Business
1 answer:
Diano4ka-milaya [45]2 years ago
7 0

Answer 45k ...

Explanation:

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