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Question 10(1 point) Walton Inc.'s stock just paid a dividend of $5.The company's dividend is expected to grow at a rate of 0.25 this year,

Question 10(1 point)

Walton Inc.'s stock just paid a dividend of $5.The company's dividend is expected to grow at a rate of 0.25 this year, 0.15, next year, and 0.08 for every year after that. If Walton has a required rate of return of 0.12, what is the value of Walton's the stock?

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