$1.$ Which of the following methods do you think is most appropriate for valuing Wal$-$Mart$$s stock? Compute the intrinsic value of Wal$-$Mart$$s stock price based on:

a$.$ Perpetual growth in dividends

b$.$ Forecasted dividends for the next several years plus future sale of the stock

c$.$ The three$-$stage dividend model

d$.$ The price$/$earnings approach

$2.$ What is the main factor that makes you decide to use one valuation method vs$.$ another? Provide your rationale for this decision.

$3.$ How do you compute the long$-$term growth rate in dividends?

$4.$ Based on your analysis, if you were a financial analyst covering Wal$-$mart, what recommendation $($buy vs$.$ hold vs$.$ sell$)$ would you make? Provide a supporting argument for your recommendation.