Question: please help with both! with complete answer (Non-constant dividends) The stock of Hodges Inc. is forecasted to pay dividends in the next three years as

please help with both! with complete answer

(Non-constant dividends) The stock of Hodges Inc. is forecasted to pay dividends in the next three years as follows: D1=$1.9,D2=$2.5,D3=$2.5. The company's stock price is estimated to be $45 at the end of three years. The rate of return for similar-risk common stock is 8.0%. Then the value of Hodges common stock is $ (Please keep your answer in two places.) Question 23 3 pts (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 forecasted at 8%. And after that, Pettyway's growth rate in dividends is expected to be 5%. The required return is 15%. Then the value of the stock is

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