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Netscape Communications does not currently pay a dividend. You expect the company to begin paying a $4.2 per share dividend in 13 years, and you

Netscape Communications does not currently pay a dividend. You expect the company to begin paying a $4.2 per share dividend in 13 years, and you expect dividends to grow perpetually at 5.2 percent per year thereafter. If the discount rate is 16 percent, how much is the stock currently worth?

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