Netscrape communications does not currently pay a dividend, Financial Management

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Netscrape communications does not currently pay a dividend

Netscrape Communications does not currently pay a dividend. You expect the company to begin paying a $2.6 per share dividend in 15 years, and you expect dividends to grow perpetually at 3.6 percent per year thereafter. If the discount rate is 13 percent, how much is the stock currently worth?

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Financial Management: Netscrape communications does not currently pay a dividend

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Financial Management: Netscrape communications does not currently pay a dividend

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