Apple’s stock has a required return of 11%. The stock currently pays a dividend of $1 per share. The dividend is expected to stay the same for two years. After two years the dividend is expected to grow at a rate of 7% forever. What should be Apples stock price today?ASSIGNMENT CODE: 7718758Apple’s stock has a required return of 11%. The stock currently pays a dividend of $1per share. The dividend is expected to stay the same for two years. After two years…