1. Describe the fair value of Apple's stock using the dividend discount model.
   1. Describe and compute the current growth rate using the formula g=bxROE.
   2. What is the retention ratio?
   3. What are past dividend payments? What is the average dividend growth rate?
   4. What is the current dividend payout ?
      1. Analyze the current financial statements (cash flow statement, income statement, or others)
2. Use dividend growth model to determine future dividends.
3. Use a free cash flow model to determine future dividends.
4. Use the comparables approach (such as PE ratio)

I need data and number as an answer, not an explanation of how to do it.