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security analyst have forecasted the dividends of Hodges Enterprises for the next 3 years as: Dividend in the first year= $1.2, second year=$1.75, and third
security analyst have forecasted the dividends of Hodges Enterprises for the next 3 years as: Dividend in the first year= $1.2, second year=$1.75, and third year =$2.20.The forecasted selling price in 3 years is $48.50. The rate of return for common stock with a risk level comparable to that of Hodges Enterprises is 14%. What is the value of Hodges common stock?
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