Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
The last dividend on Apple's common stock was $5.50, and the expected constant growth rate is 10 percent.
The last dividend on Apple's common stock was $5.50, and the expected constant growth rate is 10 percent. If you require a rate of return of 20 percent, what is the highest price you should be willing to pay for this stock?
A.$ 44.00
B.$ 60.50
C.$ 33.00
D.$ 49.50
E.$ 55.00
F.$ 38.50
