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Pettway Corp.'s next dividend is expected to be $4. The growth rate in dividends over the next four years is forecasted at 15%. After that, Pettway's growth rate is anticipated to be equal to the industry average of 5%. If the required return is 18%, what is the current value of the stock?

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dividend growth valuation

Pettway Corp.'s next dividend is expected to be $4. The growth rate in dividends over the next four years is forecasted at 15%. After that, Pettway's growth rate is anticipated to be equal to the industry average of 5%. If the required return is 18%, what is the current value of the stock?

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