Metallica bearings, Inc ., is a young startup 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 then pay a dividend of $23.00 per share 10 years from today it will increase the dividends by 5% per year thereafter. If the required return on this stock is 12%, what is the current share price?
-Pls write answer in computer. Thanks!!!
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