Question
The last dividend on Apple's common stock was $5.50, and the expected constant growth rate is 10 percent. If you require a rate of return
The last dividend on Apple's common stock was $5.50, and the expected constant growth rate is 10 percent. If you require a rate of return of 20 percent, what is the highest price you should be willing to pay for this stock?
A.$ 44.00
B.$ 60.50
C.$ 33.00
D.$ 49.50
E.$ 55.00
F.$ 38.50
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
