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You are a hedge fund manager and did some research about Walmart. Using alternative data and regression analysis, you find a relationship as follows: earnings

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You are a hedge fund manager and did some research about Walmart. Using alternative data and regression analysis, you find a relationship as follows: earnings growth =0.110.7 parking vacancy rate. Based on some asset pricing models, your estimate of expected return on the Walmart stock is 8%. The current eamings per share of Walmart is $5. The average payout rate is 16%. The average parking vacancy rate at a typical Walmart center is 5%. The current market price of Walmart is $180 per share. Based on the Gordon growth model, what is your estimate of the fair price of Walmart

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