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Apple, Inc. just paid a dividend of $2.75 a share. Dividends are expected to grow at a rate of 8% per year for the next
Apple, Inc. just paid a dividend of $2.75 a share. Dividends are expected to grow at a rate of 8% per year for the next four years and then at a rate of 3% thereafter. If your required rate of return is 6%, what is the most that you should be willing to pay for a share of Apple stock today?
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