Apple Corp has just paid its annual dividend of $$2\mathrm{.}25$ per share, and it is expected that these dividend payments will continue indefinitely. ABC stock has a beta of $2.$ The risk free rate $5\%$ and the expected return on the market portfolio is $10\%.$

What is the value of a share of Apple stock?

$$12$

$$2\mathrm{.}25$

$$16\mathrm{.}50$

$$15\mathrm{.}00$