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Walmart Inc.just paid a dividend of d0= $2.08 per share. The dividends are expected to grow at a rate of 6 percent for the next
Walmart Inc.just paid a dividend of d0= $2.08 per share. The dividends are expected to grow at a rate of 6 percent for the next four years and then level off to a 3 percent growth rate indefinitely. If the required rate of return is 12 percent, what is the value of the stock today?
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