Supposing you are an investment advisor in an investment bank. A potential client is interested in Apple Incs stock. However, this client is very sensitive to investment risk. How will you explain Apples risk to your client if you use the Yahoo Finance Webpage as information resource? Your client might ask you whether Apples stock is over-priced now. Since Apple just announced its new iphone and i-watch products, your anticipate its sales revenues and dividend will grow at 20% in next 4 years and after year 4 the dividend growth rate will remain 5% constantly. Apple paid $9.68 per share dividend last year. You see the T-bill yield is 2% currently and SP500 return is 10.8%. What is the fair value of Apples stock? If your client plans to buy and hold Apples stock for two years and sell it two years from today, what will be the selling price?