Constant Growth Stock Valuation Wal-Mart Stores (WMT) paid a $0.23 dividend per share in 2000,...
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Constant Growth Stock Valuation Wal-Mart Stores (WMT) paid a $0.23 dividend per share in 2000, which grew to $0.83 in 2007. This growth is expected to continue. What is the value of this stock at the beginning of 2007 when the required rate of return is 22.3 percent?
The answer is 45.73.
I am unsure how to work this problem though
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