Question $10$

$\frac{0}{1}$ point

Walton Inc.$\text{'}$s stock just paid a dividend of $$3.$ The company's dividend is expected to grow at a rate of $0\mathrm{.}24$

this year, $0\mathrm{.}14,$ next year, and $0\mathrm{.}07$ for every year after that. If Walton has a required rate of return of $0\mathrm{.}13,$

what is the value of Walton's the stock?

Answer:

$130\mathrm{.}40$

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