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Value a Constant Growth Stock Financial analysts forecast Wal-Mart Stores (WMT) growth for the future to be 13.00 percent. Their recent dividend was $2.03. What

Value a Constant Growth Stock Financial analysts forecast Wal-Mart Stores (WMT) growth for the future to be 13.00 percent. Their recent dividend was $2.03. What is the value of their stock when the required rate of return is 15.00 percent?

Multiple Choice

$101.50
$1.0150
$114.70
$1.1470

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