Apples most recent dividend was 250 per share d0 250 if, Financial Management

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Apples most recent dividend was 250 per share d0 250 if

Apple’s most recent dividend was $2.50 per share (D0 = $2.50). The dividend is expected to grow at a rate of 10 percent per year. The risk-free rate is 5 percent and the market rate of return is 10 percent (rM). If the company’s beta is 1.3, what is the price of the stock today?

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Financial Management: Apples most recent dividend was 250 per share d0 250 if

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