Hunter Petroleum Corporation will pay a $2.00 dividend at the end of this year. The dividend is expected to grow at a constant rate of 5% over the following three years and then remain constant at a rate of 3% forever. The required rate of return is 12%. 

Calculate the current value of the stock.

Answer rating: 100% (QA)

To calculate the current value of the stock you can use the Gordon Growth Model also ... View the full answer