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1. Go to Yahoo Finance and look up the annual dividends of Walmart (WMT) for the last five years (2014 2020). Note: to find the
1. Go to Yahoo Finance and look up the annual dividends of Walmart (WMT) for the last five years (2014 2020). Note: to find the dividends, pull up the price quote for WMT, then click on the Historical Prices link (located near the top middle of the page). When you are on the Historical Prices page set the Time Period drop down to cover the five years. Set the Show drop down for Dividends Only and then click apply. Add up the quarterly dividends to get the annual dividend figure for each year. Calculate the annual growth rate of the dividends for the five years 2015-2019. Use the average annual growth rate of dividends as g. Use the annualized 2020 dividend as Do. Calculate the stock price of WMT assuming a required rate of return of: a. 9%
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