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Intro Walmart has just paid an annual dividend of $3.48. Dividends are expected to grow by 8% for the next 4 years, and then grow

Intro

Walmart has just paid an annual dividend of $3.48. Dividends are expected to grow by 8% for the next 4 years, and then grow by 3% thereafter. Walmart has a required return of 6%.

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Part 1

What is the expected dividend in four years?

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Part 2

What is the terminal value in four years (P4P4)?

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Part 3

What is the value of the stock now?

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