Question: please answer within 10 min thank you (Non-constant dividends) The stock of Hodges Inc. is forecasted to pay dividends in the next three years as

please answer within 10 min thank you

(Non-constant dividends) The stock of Hodges Inc. is forecasted to pay dividends in the next three years as follows: D4=$1.8, D2=$3.6, D3=$4.9. The stock price of the company is estimated to be $73.7 at the end of three years. The rate of return for similar-risk common stock is 9%. Then the value of Hodges common stock is $ . (Please keep two decimal numbers in the answer.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

GA: Forecasting Fenway Franks Hot dogs are an integral part of the experience of a Red Sox baseball game in Boston. The hot dogs, or frankfurters, that are sold at the ball park are called Fenway...

please answer within 10 min thank oyu (Non-constant growth 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...

(Non-constant dividends) The stock of Hodges Inc. is forecasted to pay dividends in the next three years as follows: D 1 =$1.3, D 2 =$2.3, D 3 =$4.4. The stock price of the company is estimated to be...

(Non-constant dividends) The stock of Hodges Inc. is forecasted to pay dividends in the next three years as follows: D1=$1.6,D2=$3.1, D3=$4.1. The stock price of the company is estimated to be $70.6...

Pls Answer asap with work! will give a good rating! (Non-constant dividends) The stock of Hodges Inc. is forecasted to pay dividends in the next three years as follows: D 1 =$1.7, D 2 =$2.4, D 3...

(Non-constant dividends) The stock of Hodges Inc. is forecasted to pay dividends in the next three years as follows: D1=$1.4, D2=$2.8, D3=$5.1. The stock price of the company is estimated to be $79.1...

Corresponds to CLO 1(a) West Coast Corporation had 800,000 shares of common stock outstanding on January 1, issued 200,000 shares on October 1, and had income applicable to common stock of $2,865,000...

I need help from a Financial expert who is very familiar with exchange rate exposure & payout policy.I will adjust the price as you suggest. For some reason I am not able to do it here. Please be...

How do I solve the Mirr, discounted payback method, after tax salvage, dividend payout ratio, and cash receipts I have the answers I just need to know how to solve these questions the easiest way and...

Please answer all questions thoroughly. Thank you. Macy's & JC Penney - Questions 1. Using the guidelines provided below, compute financial ratios for fiscal years 2009, 2010, and 2011 (ending on...

Hello Tutor, I have a long practice questions and I could not solve alot of them. I need comprehensive solutions and step by step approach on how you solve those questions. All questions are from...

Use the data in Appendix 3 to calculate the equilibrium constant for the reaction Agl(s) Ag+(aq) + I2(aq) at 25C. Compare your result with the Ksp value in Table 16.2.

A market researcher randomly selects 200 drivers under 35 years of age and 100 drivers over 35 years of age. What type of sampling is applied here? Select one: A. Systematic sample . Cluster sample...

Which of the following best describes a retirement plan vesting schedule that allows access to employer contributions over a period of time instead of all at once? B . Percent vesting A . Cliff...

Question 4 In a recruitment program arranged by an IT company, each trainee watches a self-study video before taking a screening test. The research team is investigating the relationship between the...

3-45. PLANNING: ANALYZING THE SITUATION; CHOOSING AN APPROACH: SELECTING MEDIA [LO-2] Read the scenario below then answer questions to think through how you would create effective communication...

There are no out-of-pocket costs (i.e. coinsurance, copayments, premiums, deductibles, etc.) for patients being treated by health providers in the UK, at least for most types of care.

If health disparities exist within a country, then it cannot be operating on its health production frontier.