Intro

Walmart has just paid an annual dividend of $$3\mathrm{.}04.$ Dividends are expected to grow by $7\%$ for the next $4$ years, and then grow by $3\%$ thereafter. Walmart has a required return of $9\%.$

Part $1$

Attempt $3/10$ for $10$ pts$.$

What is the expected dividend in four years?

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Part $2$

Attempt $1/10$ for $10$ pts$.$

What is the terminal value in four years $(P_4)?$

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Part $3$

Attempt $1/10$ for $10$ pts$.$

What is the value of the stock now?

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