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A young graduate is investing his graduation money today in Apple Corporation (AAPL) stock. He invests $6,295.00 today. The stock is currently priced at $461.46

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A young graduate is investing his graduation money today in Apple Corporation (AAPL) stock. He invests $6,295.00 today. The stock is currently priced at $461.46 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: If the graduate will get his desired return, what should Apple stock sell for in five years

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