Write a 1-2 page (approximately 500 words) paper on the following for Wal-Mart at https://finance.yahoo.com/quote/WMT/analysts?p=WMT

Part A-Fundamental Valuation:

Estimate a growth rate for your firm's Dividends per Share.

Assume a 12.5% discount rate.

Calculate an estimated value of a share of the stock using the constant-growth model (Eq. 8-6 in the textbook), also known as the Gordon growth model.

Compare and contrast your valuation results with the current share price in the market.

Respond to this question: What changes in the variables would be necessary in your valuation to best approximate the market valuation?

Date

Dividends

May 10, 2017

0.51 Dividend

Mar 08, 2017

0.51 Dividend

Dec 07, 2016

0.5 Dividend

Aug 10, 2016

0.5 Dividend

May 11, 2016

0.5 Dividend

Mar 09, 2016

0.5 Dividend

Dec 02, 2015

0.49 Dividend

Aug 05, 2015

0.49 Dividend

May 06, 2015

0.49 Dividend

Mar 11, 2015

0.49 Dividend

Dec 03, 2014

0.48 Dividend

Aug 06, 2014

0.48 Dividend

May 07, 2014

0.48 Dividend

Mar 07, 2014

0.48 Dividend

Dec 04, 2013

0.47 Dividend

Aug 07, 2013

0.47 Dividend

May 08, 2013

0.47 Dividend

Mar 08, 2013

0.47 Dividend

Dec 05, 2012

0.398 Dividend

Aug

Dividends & Splits

Forward Annual Dividend Rate 4	2.04
Forward Annual Dividend Yield 4	2.68%
Trailing Annual Dividend Rate 3	2.01
Trailing Annual Dividend Yield 3	2.63%
5 Year Average Dividend Yield 4	2.56
Payout Ratio 4	45.68%
Dividend Date 3	Sep 5, 2017
Ex-Dividend Date 4	Dec 6, 2017
Last Split Factor (new per old) 2	2/1
Last Split Date 3	Apr 20, 1999

08, 2012

0.398 Dividend