A & B please

Apple issues dividend every quarter (see more information below).

(a) The close prices on August 6, 2021 and May 6, 2022 is $146.14 and $157.28. What is Apple's stock return? And what is the growth rate of dividend implied by current stock price?

Date dividends ( $)

6-May-22 0.23

4-Feb-22 0.22

5-Nov-21 0.22

6-Aug-21 0.22

(b) In the wake of the Amazon Labor Union's historic victory this spring, the first-ever U.S. union election at an Apple retail store is slated for early JuneGiven this news, the expected growth rate of dividend over the next 13 years will be 11% and reduce to 7% after that. Assume the required rate of return is 10%, estimate the stock price on May 62022. (use the dividend information from (a)