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#10 A young graduate is investing his graduation money today in Apple Corporation (AAPL) stock. He invests $8,302.00 today. The stock is currently priced at

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#10 A young graduate is investing his graduation money today in Apple Corporation (AAPL) stock. He invests $8,302.00 today. The stock is currently priced at $473.74 per share. The graduate is hoping to earn 12.00% per year for the next five years. A friend who works on Wall Street has given him a projection of Apple dividends for the next five years: YEAR 1 2 3 4 5 DIVIDEND $12.95 $13.09 $13.42 $13.00 $13.00 If the graduate will get his desired return, what should Apple stock sell for in five years? Submit Answer format: Currency: Round to: 2 decimal places

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