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Walmart has just paid an annual dividend of $4. Dividends are expected to grow by 7% for the next 4 years, and then grow by

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Walmart has just paid an annual dividend of $4. Dividends are expected to grow by 7% for the next 4 years, and then grow by 4% thereafter. Walmart has a required return of 11%. (Note the wording of this problem. Typically, when a problem says "expected to grow for the next X years", they mean that the the cashflow will grow constantly up to the end of year X, then the cashflow at year X will grow at some other rate in years X+1, X+2 etc.) IB Attempt 1/2 for 10 pts. Part 1 What is the expected dividend in four years? 1+ decimals Submit 18 Attempt 1/2 for 10 pts. Part 2 What is the terminal value in four years (PA)? 0+ decimals

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