Question 19 Not yet answered Marked out of 6.00 Flag question Previous page The growth in dividends of Apple Inc. is expected to be 8% per year for the next two years, followed by a growth rate of 4% per year for three years. After this five-year period, the growth in dividends is expected to be 3% per year, indefinitely. The required rate of return on Apple Inc, Inc. is 11% p.a. Last year's dividends per share were $2.75. What should the stock sell for today? a. $8.99 b. $25.21 O c. $39.71 d. $110.00 e. None of the options is correct. Next page