Question: Apple is preparing to pay its first dividend. It is going to pay dividends of $0.45, $0.60, and $1 per share over the next three

  1. Apple is preparing to pay its first dividend. It is going to pay dividends of $0.45, $0.60, and $1 per share over the next three years, respectively. After that, the company has stated that the annual dividend will be $25 per share in perpetuity. What is the stock price per share today if you require a 10.8% of return on stocks of this type.

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