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assume Apple company has just paid an annual dividend of $.92 analysts are predicting an 11.3% per year growth rate and earnings over the next
assume Apple company has just paid an annual dividend of $.92 analysts are predicting an 11.3% per year growth rate and earnings over the next five years after then Apple company earnings are expected to grow at the current industry average of 5.6% per year if Apple company equity cost of capital is 8.1% per year and its dividend payout ratio remains constant what price does the dividend discount model predict it will sell?
The value of Apple stock is $____ round to nearest cent
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