Question
Apples most recent dividend was $2.50 per share (D 0 = $2.50). The dividend is expected to grow at a rate of 10 percent per
Apples most recent dividend was $2.50 per share (D0 = $2.50). The dividend is expected to grow at a rate of 10 percent per year. The risk-free rate is 5 percent and the market rate of return is 10 percent (rM). If the companys beta is 1.3, what is the price of the stock today?
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
