AAPL just paid its annual dividend in the amount of $6.65 per share. AAPL CEO...

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Finance

AAPL just paid its annual dividend in the amount of $6.65 per share. AAPL CEO just announced plans to increase annual dividend by 15 percent a year for the next four years and then keep the growth rate constant at 2.5 percent per year thereafter. What is the current value of one share of AAPL if the required rate of return is 12.4 percent?

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