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Quantitatively compare the results of a share repurchase, dividend, and iPrefissuance. Assume that Apple will use all excess cash for share repur- chases, dividends

Quantitatively compare the results of a share repurchase, dividend, and iPrefissuance. Assume that Apple will use all excess cash for share repur- chases, dividends and, in the case of iPref, will issue five per share. For the iPref analysis, assume a constant P/E ratio of 10.0x as Einhorn did. How does this assumption impact the analysis?

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