Question
Dustin Merrill has recently taken a position in the security analysis dept. of Regions Bank . He is attempting to predict Walmarts ( WMT )
Dustin Merrill has recently taken a position in the security analysis dept. of Regions Bank. He is attempting to predict Walmarts (WMT) annual dividend for year-end 2008. Assume that today is December 15, 2005 and WMT has just paid their dividend (D0) = $0.60. Dustin estimates dividend growth of 12% for 2006, 31% for 2007 and then 8% in 2008 and 2009. What will Dustins estimated dividend for 2009 be?
- $ 0.67
- $ 0.76
- $ 0.88
- $ 0.95
- $ 1.03
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
