Question
Apple (AAPL) is expected to pay a $1.00 dividend at the end of this year. If you expect Apple's dividend to grow by 7% per
Apple (AAPL) is expected to pay a $1.00 dividend at the end of this year. If you expect Apple's dividend to grow by 7% per year forever and Apple's equity cost of capital is 8%, then the value of a share of Apple stock is closest to:
- A. $80
- B. $$150
- C. $70
- D. $100
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Consumer Credit Fundamentals
Authors: S. Finlay
1st Edition
1403939780,0230502342
