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Apple has just paid an annual dividend of $3.43. Dividends are expected to grow by 21% per year for the next 4 years, and then
Apple has just paid an annual dividend of $3.43. Dividends are expected to grow by 21% per year for the next 4 years, and then grow by 11% thereafter. Apple has an annual required return of 37%.
1.What is the expected dividend in four years?
2.What is the intrinsic value in the fourth year (V4)?
3.What is the value of the stock now (V0)?
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