Question: Stock valuation using the 2-stage dividend discount method: Relevant data is provided below for a public company. Walmart Inc. Expected Annual Dividends $2.25 $2.29 $2.33

Stock valuation using the 2-stage dividend discount method: Relevant data is

Stock valuation using the 2-stage dividend discount method: Relevant data is provided below for a public company. Walmart Inc. Expected Annual Dividends $2.25 $2.29 $2.33 $2.37 Year 2023 2024 2025 2026 1.81% 2.00% 0.530 2.377% 6.00% $148.92 Stage 1 dividend growth (91) Stage2 dividend growth (92) Stock Beta () Risk-free Rate (RF) Market Risk Premium (MRP) Current Stock Price How much is the value of this company's stock using the 2-stage dividend discount method? Enter your answer in the following format: 12.34 Hint1: Refer to the video 'Stock Valuation: Dividend discount model and the Excel template on Blackboard. Hint2: Answer is between 56.64 and 68.60 Hint3: Compute R, CF1, CF2, CF3, and CF4 as shown in the video and then compute NPV; R=5.557%; CF4=$70.47 Note: There is no need to change any underlying Excel formulas

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