Question
Apple, just paid a dividend (D 0 ) of $0.80 per share. Apple will increase its dividend by 5% per year. Investor requires a return
Apple, just paid a dividend (D0) of $0.80 per share.
Apple will increase its dividend by 5% per year.
Investor requires a return of 10% (discount rate)
What is the value of the stock?
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
