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Question 6: Suppose in 2015 you estimated AAPL's 2016 dividend per share will be 10.60 O AAPL's 2017 dividend per share will be 13.46 O

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Question 6: Suppose in 2015 you estimated AAPL's 2016 dividend per share will be 10.60 O AAPL's 2017 dividend per share will be 13.46 O AAPLs 2018 dividend per share will be 15.70 AAPL's 2019 dividend per share will be 19.14 AAPLs required return is constant at 12.1% After 2019, AAPLs (dividend) growth rate will be 9.6% a. Using the two-stage DDM, what is the fundamental value in 2015? b. Assuming that ROE=10%. Calculate the EPS in 2025

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