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need help Apple Inc., together with subsidiaries, designs, manufactures, and markets mobile communication and media devices, personal computing products, and portable digital music players worldwide.

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Apple Inc., together with subsidiaries, designs, manufactures, and markets mobile communication and media devices, personal computing products, and portable digital music players worldwide. Apple recently paid a year-end dividend of $3.00 a share. The growth rate in the dividend is expected to decrease by 5 percent a year, forever. The company's required rate of return is 15 percent. Required: Calculate the price intrinsic value) of Apple's stock

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