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Netscrape Communications does not currently pay a dividend. You expect the company to begin paying a $2.8 per share dividend in 10 years, and you

Netscrape Communications does not currently pay a dividend. You expect the company to begin paying a $2.8 per share dividend in 10 years, and you expect dividends to grow perpetually at 3.8 percent per year thereafter. If the discount rate is 16 percent, how much is the stock currently worth?

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