Intro Walmart has just paid an annual dividend of $3.3. Dividends are expected to grow by 8% for the next 4 years, and then grow by 3% thereafter. Walmart has a required return of 11%. Part 1 Attempt 1/10 for 10 pts. What is the expected dividend in four years? Correct Dividends during non-constant growth phase: D1=D0(1+g1)=3.31.08=3.564D2=D0(1+g1)2=3.31.082=3.849D3=D0(1+g1)3=3.31.083=4.157D4=D0(1+g1)4=3.31.084=4.49 What is the terminal value in four years (P4) ? Part 3 What is the value of the stock now