Business, 22.08.2020 23:01, micky956

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 8 years because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $16.50 per share 9 years from today and will increase the dividend by 5.75% per year thereafter. The required return on the stock is 13.75%. What is the price of the stock 8 years from today? What is the current share price?

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