Apple has just paid a dividend of 50 cents per share. The stock from Apple is expected to sell for $50 per share four years from today right after the dividend is paid. For the next four years, dividends are expected to grow at g1=15% per year. Afterwards, dividends are expected to grow at a constant rate of g2 per year.

Assume the cost of equity is 10%,

1) what should the value of g2 be?

2) what is the value of the Apple's stock price five years from now right after the dividend is paid?

3) what is the value of the Apple's current stock price?