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Company Apple is expected to pay a dividend of $9.09 a year from now. This dividend is expected to grow at 17.37% for the next
Company Apple is expected to pay a dividend of $9.09 a year from now. This dividend is expected to grow at 17.37% for the next two years and at 11.85% forever after. The return that investors expect on Apple is 19.84%.
(a) Determine Apple stock price today.
(b) What is the expected price of Apple stock one year from now?
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