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QUESTION
Wal-Mart's dividend is expected to grow at 15% for the next two year, 12% in the third year, and then 7% thereafter. The market required return is...
Wal-Mart's dividend is expected to grow at 15% for the next two year, 12% in the third year, and then 7% thereafter. The market required return is 6%. Wal-Mart's current dividend is $1.80, what is the expected price of the stock?
