Apple has just paid a quarterly dividend of $

$3$

$.$

$0$

$3$

$.$

$$Dividends are expected to grow by

$1$

$0$

$\%$

$$for the next

$4$

$$quarters$,$ and then grow by

$1$

$.$

$6$

$\%$

$$thereafter$.$ Apple has a required quarterly return of

$3$

$\%$

$.$

$$ Attempt

$1$

$/$

$3$

$$for

$1$

$0$

$$pts

$.$

Part

$1$

What is the expected dividend four quarters from now?

$2$

$.$

$$What is the terminal value in the fourth quarter?