ts Apple stock is currently selling for $45.00 per share. The stock has a constant growth rate of 3.00%. The risk free rate is 1.75% and inflation premium is 2.0%. The stocks required rate of return is 7.0%. What was the last dividend, Do? (Round to two decimals) $2.08 $1.75 $1.06 $0.85 $1.02

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 4P
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ts
Apple stock is currently selling for $45.00 per share. The stock has a constant
growth rate of 3.00%. The risk free rate is 1.75% and inflation premium is
2.0%. The stocks required rate of return is 7.0%. What was the last dividend,
Do? (Round to two decimals)
$2.08
$1.75
$1.06
$0.85
$1.02
Transcribed Image Text:ts Apple stock is currently selling for $45.00 per share. The stock has a constant growth rate of 3.00%. The risk free rate is 1.75% and inflation premium is 2.0%. The stocks required rate of return is 7.0%. What was the last dividend, Do? (Round to two decimals) $2.08 $1.75 $1.06 $0.85 $1.02
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