Apple Inc. is expected to pay a dividend of $2.20 at the end of the coming year. It is expected to sell for $80 at the end of th
e year. If its equity cost of capital is 15%, what is the expected capital gain from the sale of this stock at the end of the coming year
1 answer:
Answer:
Step-by-step explanation:
d1 = 2.20
p1 = 80
k - cost of capital, 15%
p0 = (p1+d1)/(1+k) = (2.20+80)/1.15 = 82.20/1.15 = $71.48
Capital gain = 80 - 71.48 = 8.52
Capital gain in percentage = (80-71.48)/71.48 = 11.92%
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