1. Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 7 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $3.14 per share dividend in 8 years and will increase the dividend by 0.04 per year thereafter. If the required return on this stock is 0.08, what is the current share price? Answer with 2 decimals
2. What are the three U.S. banking laws that have been the most important in shaping American history.
3. What is the importance of a cash flow forecast for operating a small start up company?