First, consider Apple. A recent stock price was $157. Just use that price. It’s expected quarterly dividend was most recently $0.92, or about $3.68 per year. (I found the exec ted quarterly dividend by looking at the "Forward Dividend and Yield" in the table below the stock chart on Apples "Summary" page at Yahoo! Finance.) Apple is growing its dividend at about 2.5% each year. What does this dividend and price imply about the required return on Apple’s stock?
Please show explanation