Apple is experiencing rapid growth. Earnings and dividends are expected to grow at a rate of 15% during years 1 and 2, at 13% in year 3, and at a constant rate of 6% during Year 4 and thereafter. Its last dividend was $2.50, and its required rate of return is 11%

Calculate dividend for periods 1-4 Calculate the stocks horizon value Calculate the value of the stock today

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