Pettyway corp’s next annual dividend (d1) is expected to be $4. after that, the growth rate in dividends over the next three years is forecasted at 4%. and after that, pettyway’s growth rate in dividends is expected to be 6%. The required return is 15%. then the value of the stock is $__________.

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16-07-2024
Business

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Pettyway corp’s next annual dividend (d1) is expected to be $4. after that, the growth rate in dividends over the next three years is forecasted at 4%. and after that, pettyway’s growth rate in dividends is expected to be 6%. The required return is 15%. then the value of the stock is $__________.

Sagot :

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