Question
The dividend per share of the APPLE company at the end of this year is expected to be 6 dollars and that this dividend will
The dividend per share of the APPLE company at the end of this year is expected to be 6 dollars and that this dividend will grow in perpetuity at a rate of 4% per year. If currently the market requires a 12% annual return for an Apple share. What is the price of the stock today?
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
