If the discount rate is 12 percent how much is the stock, Financial Management

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If the discount rate is 12 percent how much is the stock

Netscrape Communications does not currently pay a dividend. You expect the company to begin paying a $3 per share dividend in 12 years, and you expect dividends to grow perpetually at 4 percent per year thereafter. If the discount rate is 12 percent, how much is the stock currently worth?

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Financial Management: If the discount rate is 12 percent how much is the stock

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Financial Management: If the discount rate is 12 percent how much is the stock

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