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

Question

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] · Answer 1 · 2023-03-09T11:15:56+03:00

Diano4ka-milaya [45]2 years ago

7 0

Answer 45k ...

Explanation: