1 Short answers 1. (13 points) You are deciding on whether to buy the stock of Apple company at the beginning of 2020. The current price of the stock is $100 dollars per share. You only plan to hold the stock for 3 years. After careful analysis of the company's financial statement, you have determined that the company will pay $8 at the end of each year. After comparing with the return of your other investments, you decide that the required return of the investment is 10%. In order to get a 10% required return, what should the price of the stock be when you sell the stock at the end of 2022 after the third dividend has been paid. (Hints: use the generalized dividend model)