Wal-Mart stock is currently selling for $89 per share. Wal-Mart recently paid a dividend of $2.20....

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Wal-Mart stock is currently selling for $89 per share. Wal-Mart recently paid a dividend of $2.20. If you have a required rate of return of 6%, what annual growth rate would Wal-Mart have to sustain to make purchasing it for $89 a share worthwhile? Wal-Mart stock is currently selling for $89 per share. Wal-Mart recently paid a dividend of $2.20. If you have a required rate of return of 6%, what annual growth rate would Wal-Mart have to sustain to make purchasing it for $89 a share worthwhile?

Answer rating: 100% (QA)

To determine the annual growth rate required for Walmarts stock to make purchasing i... View the full answer