Walmart has just paid an annual dividend of $3.72. Dividends are expected to grow by 9% for
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Question:
Walmart has just paid an annual dividend of $3.72. Dividends are expected to grow by 9% for the next 4 years, and then grow by 2% thereafter. Walmart has a required return of 7%. What is the value of the stock now?
A. $97.31 B. $75.41 C. $123.26 D. $52.78
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