Agree or disagree with them and explain, based on your reading, why?

(Every discussion is supposed to make you think harder and deeper about the class lessons. Please treat discussions and responses as professional communications.)This discussion is based on chapters related to Stock valuation using dividend discount models; and risk, return and diversification.Part 1: Consider the Gordon model of constant growth rate assumption. State briefly what this model says about the value of stocks. In 2019, Walmart paid $2.12 in dividends per share. The stock traded for about $119 per share towards the end of the year. Find out a set of inputs to the Gordon growth model (e.g., the assumed growth rate g and the required rate of return r, that make the intrinsic value of the stock equal to the trading price of $119. There can be many combinations; you just need to find out one such combination by trial and error.Part 2: Suppose you have 10,000 to invest and you can choose up to five (or fewer) companies’ stocks to split this investment. Which companies would you choose so that you create a well-diversified portfolio (usually diversification requires more types of investments, but this is a simpler example)? Review the concept of diversification and the role of correlation in Chapter 8. Defend your choice based on chapter 8.Respond to a classmate regarding either Part 1 or Part 2. Agree or disagree with them and explain, based on your reading, why?