(1) Please calculate the Ri and the Intrinsic Value of AAPL Stock AAPL Revenue Growth Rate for the coming year The current Risk Free Rate The current 12-month Rm (Market Return) The AAPL D1 forward dividend Today's AAPL Stock Price Risk-Free Rate AAPL 12-Month Return Rate Beta of AAPL P/E of AAPL P/E of S&P 500 The AAPL D1 forward dividend AAPL Revenue Growth Rate for the coming year The current 12-month Rm (Market Return) = = = = = = = = = 5.675% 4.301% 19.083% $0.96 $190.30 4.301% 47.68% 1.30 30.99 20.37 $0.96 5.675% 19.08% CAPM Equation: Ri Rf Rm Beta Ri Rf + Beta(Rm - Rf) = Expected Return on this Invested Asset 101 Risk-free Rate (from Government Bonds) Market Rate of Return Beta of Security; Sensitivity of Expected Asset Return to the Expected Market Return V m M = Dividend Growth Model: Ri = = (Do (1+g))/(k-g) AAPL Stock Valuation (Intrinsic Value) (2) Based on the today's price of AAPL stock of $190.30 and your calculated Intrinsic value of AAPL stock: Amount Dollars AAPL Over-valued? =

(2) Based on the today's price of A APL stock of $190.30 and your calculated futrinsie value of A. FL. stock