Q8

Apple has just paid a quarterly dividend of $3.82. Dividends are expected to grow by 10% for the next 4 quarters, and then grow by 1.3% thereafter. Apple has a required quarterly return of 3%. Part 1 Attempt 1/10 for 10 pts. What is the expected dividend four quarters from now? Part 2 10 Attempt 1/10 for 10 pts. What is the terminal value in the fourth quarter (P4) ? What is the value of the stock now