Intro Apple has just paid a quarterly dividend of $3.91. Dividends are expected to grow by 10% for the next 4 quarters, and then grow by 1.6% thereafter. Apple has a required quarterly return of 3%. Part 1 TB Attempt 1/5 for 10 pts. What is the expected dividend in four quarters? Correct Dividends during non-constant growth phase: D1 = D.(1 + gi) = 3.91 1.1 = 4.3 D2 = D.(1 + 91= 3.91 1.12 = 4.73 D3 = D.(1+91) = 3.91 - 1.13 = 5.2 D4 = Do(1+91)4 = 3.91 - 1.14 = 5.72 Part 2 IB - Attempt 1/5 for 10 pts. What is the terminal value in the fourth quarter (P4)? No decimals Submit 1B - Attempt 1/5 for 10 pts. Part 3 What is the value of the stock now? No decimals Submit