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Value a Constant Growth Stock Financial analysts forecast Wal-Mart Stores (WMT) growth for the future to be 12.00 percent. Their recent dividend was $1.83. What

Value a Constant Growth Stock Financial analysts forecast Wal-Mart Stores (WMT) growth for the future to be 12.00 percent. Their recent dividend was $1.83. What is the value of their stock when the required rate of return is 16.00 percent?

Multiple Choice

  • $45.75

  • $.5124

  • $.4575

  • $51.24

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