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Walmart Inc. just paid a dividend (D 0 ) of $2.16, which is expected to increase at a constant rate of 3% per year. If
Walmart Inc. just paid a dividend (D0) of $2.16, which is expected to increase at a constant rate of 3% per year. If the companys beta is 0.50, the expected return on the market is 8%, and U.S. Treasury bonds are yielding 2%, what is the fair value of Walmarts stock?
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