Please use this link to determine the answer:
https://finance.yahoo.com/quote/CVX?p=CVX
Part A-Fundamental Valuation:
1. Estimate a growth rate for your firm's Dividends per Share.
2. Assume a 12.5% discount rate.
3. Calculate an estimated value of a share of the stock using the constant-growth model (Eq. 8-6 in the textbook), also known as the Gordon growth model.
4. Compare and contrast your valuation results with the current share price in the market.
5. Respond to this question: What changes in the variables would be necessary for your valuation to best approximate the market valuation?