Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. apples inc. is starting a new project. it plans to

Apples Inc. is starting a new project. It plans to manufacture new type of i-Phones...

80.2K

Verified Solution

Question

Finance

image
Apples Inc. is starting a new project. It plans to manufacture new type of i-Phones that have a 3D screen effect. It expects these phones to be a great success and bring rapidly growing profits in the first few years. After that, it expects the competition from other phone companies to kick in which will reduce the growth of annual profits. The dividends on Apples' shares will be growing accordingly. Here is the exact schedule of expected future dividends: - Most recently paid dividend is $5 - Expected annual growth rate of dividends for the first 3 years is 60% - Expected annual growth rate of dividends after that is 11% - Discount rate for this company is 18% Calculate the price per share of stock of Apples Inc. Increase decimal places for any intermediate calculations, from the default 2 to or higher. Only round your final answer to TWO decimal places: for example, 100.23. DO NOT put "\$" in your

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The body removes antibacterial drugs at a rate in proportion to the amount present. Your task...

Basic Math
Q

Best seller books the meaning for the number of weeks 15 best seller list 22 weeks...

Statistics
Q

For a Tachometer measuring device, illustrate its elements and how each one of them is functioning, and...

Electrical Engineering
Q

What can we say about the limitations involved in the assessment of ROE for analyzing the...

Accounting
Q

Solve |x+6 |- 7 = 8.A. x = -9 and x = -21B. x =...

Basic Math
Q

41 Use the figure to find GBAN AC

Calculus
Q

Find the relative maximum and minimum values.f(x,y) = e^x +9y +15Select the correct choice below...

Calculus
Q

Exercise 9-19 (Algorithmic) (LO. 3) Fred travels from Denver to Miami primarily on business. He...

Accounting
Q

Cash Payback Period, Net Present Value Analysis, and Qualitative Considerations The plant manager of Shenzhen...

Accounting
Q

Elizabeth exchanges her retail storage assets for retail displays. In this like-kind exchange, Elizabeth receives...

Accounting
Q

The maturity value of a seven-month promissory note issued July 31,2017, is $3275. What is...

Accounting
Q

Gen Lab Corp.'s market capitalization rate is 15%. Its expected ROE is 12%, and its...

Finance