Business, 02.04.2021 01:00 raheeeq

Apple Inc. just paid a dividend of $3 per share. You expect that Apple's dividend will increase at the rate of 10% per year for the next 10 years. After that, you expect that Apple Inc. will increase its dividend at the rate of 3% per year forever. The required rate of return for Apple is 20%. What is the price of Apple just after the current dividend was paid?

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Apple Inc. just paid a dividend of $3 per share. You expect that Apple's dividend will increase at t...

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