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Problem 7 Intro Walmart has just paid an annual dividend of $ 3 . 6 . Dividends are expected to grow by 7 % for

Problem 7
Intro
Walmart has just paid an annual dividend of $3.6. Dividends are expected to grow
by 7% for the next 4 years, and then grow by 5% thereafter. Walmart has a
required return of 6%.
Part 3
What is the value of the stock now?
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