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A research analyst who covers Technology stocks has coverage responsibility for Apple Inc. ( AAPL ) . The research analyst believes that the

A research analyst who covers Technology stocks has coverage responsibility for Apple Inc. ("AAPL"). The research analyst believes that the fair price for a stock can be determined by using the Gordon Growth Model. Assuming the required return for similar investments is 10.5%, next year's dividend is expected to be $1.00 per share, and the dividend is expected to grow at a rate of 10% per year, what is the fair price of a share of Apple Inc.?
$19
$20
$190
$200
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