On 20^th January 2021, the board of directors had announced its plan to pay $0.80 dividend per share to Apple shareholders. You owned 100 units of these shares. The dividend was payable on 26^th February 2021. However, you had sold your shares on 25^th February 2021. The date of record was a day after the ex-dividend date.

1. Were you still eligible for dividends from Apple? Why?

2. Assume that you are eligible for dividends from Apple. How much total dividends in $ did you get?

3. What is the dividend payout ratio of Apple?

4. Since the closing price of Apple Inc. on 22^nd April 2021 were not stated, and using the available financial ratios, estimate the share price of Apple Inc. on said day.

The following is the stock quote (excluding the closing price) for Apple Inc. on 22nd April 2021: Previous Close 2.215T 1D SD IM 6M YTD IY SY Max * Full screen 134.50 Open 1.22 Bid 133.50 35.79 Ask 3.69 133.50 Market Cap 133.04 Beta (5Y Monthly) 131.86 x 1300 PE Ratio (TTM) 131.98 x 1300 EPS (TTM) 131.41 - 134.15 Earnings Date Forward 69.25. 145.09 Dividend & Yield 84,566,356 Ex-Dividend Date 105,238,763 1y Target Est 131.94 Day's Range Apr 27,2021 0.82 (0.61%) 131.00 52 Week Range Volume Feb 04, 2021 10 AM 12 PM 2 PM 4 PM Trade prices are not sourced from all markets Avg. Volume 152.06