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Value a Constant Growth Stock Financial analysts forecast Wal-Mart Stores (WMT) growth for the future to be 11.00 percent. Their recent dividend was $1.23. What

Value a Constant Growth Stock Financial analysts forecast Wal-Mart Stores (WMT) growth for the future to be 11.00 percent. Their recent dividend was $1.23. What is the value of their stock when the required rate of return is 13.00 percent?

A) $68.27

B) $61.50

C) $.6827

D) $.6150

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