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Stock Prices and Returns Problem: Suppose you expect Walmart to pay an annual dividend of $0.65 per share in the coming year and to trade

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Stock Prices and Returns Problem: Suppose you expect Walmart to pay an annual dividend of $0.65 per share in the coming year and to trade $50 per share at the end of the year. If investments with equivalent risk to Walmart stock have an expected return of 8%, what is the most you would pay today for Walmart stock today

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