What price should apple trade at today

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Reference no: EM131303484

You believe that investors in Apple have a 10% cost of equity. Analysts’ currently expect Apple to have earnings per share of $8.96 in one year. If Apple has earnings per share of $8.96 each year going forward forever, and pays out 100% of earnings as dividends, what price should Apple trade at today? Your answer should be exact and be entered as a numeric value without the dollar sign. (Example: A share price of $10.92 would be entered as 10.92)

Reference no: EM131303484

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