How much is the stock currently worth

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Reference no: EM131021799

Netscrape Communications does not currently pay a dividend.

You expect the company to begin paying a $4.8 per share dividend in 14 years, and you expect dividends to grow perpetually at 6.3 percent per year thereafter.

If the discount rate is 15 percent, how much is the stock currently worth? What is the share price?

Reference no: EM131021799

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