Walton Inc.’s stock just paid a dividend of $4. The company’s dividend is expected to grow at a rate of 0.21 this year, 0.12
Walton Inc.’s stock just paid a dividend of $4. The company’s dividend is
expected to grow at a rate of 0.21 this year, 0.12, next year, and 0.07 for every year after that. If Walton has a required rate of return of 0.12, what is the value of Walton’s the stock?
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