tsApple stock is currently selling for $45.00 per share. The stock has a constantgrowth rate of 3.00%. The risk free rate is 1.75% and inflation premium is2.0%. 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

The objective of the question is to find out the last dividend (Do) paid by Apple. The given…

Answered: ts Apple stock is currently selling for…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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