Question 12 (3.5 points) Apple Inc. just paid a dividend of $1.90 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. Investors require a return of 10 percent on the company's stock. What will the stock price be in three years? 59.97 62.87 65.00 67.00 69.54 Previous Page Next Page Page 12 of 30 Submit Quiz 11 of 30 questions saved