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Apple has just paid a quarterly dividend of $3.69. Dividends are expected to grow by 10% for the next 4 quarters, and then grow by
Apple has just paid a quarterly dividend of $3.69. Dividends are expected to grow by 10% for the next 4 quarters, and then grow by 1.1% thereafter. Apple has a required quarterly return of 2%.
What is the expected dividend in four quarters?
What is the terminal value in the fourth quarter (P4)?
What is the value of the stock now?
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