According to the 2021 Value Line Investment Survey, Apple (AAPL)'s dividend growth rate for the next three years will be 22% per year, with the growth rate falling off to a constant 12% per year thereafter. Assuming investors require a return of 20% on Apple's stocks and the company just paid a dividend of $2.92 per share (i.e., D0=$2.92 ), is Apple's stock priced correctly? The current price of Apple is $121.21 per share