4. An equity analyst has been asked to estimate the intrinsic value of the common stock of Apple. Apple is in a mature industry, and both its earnings and dividends are expected to grow at a rate of...

Extracted text: 4. An equity analyst has been asked to estimate the intrinsic value of the common stock of Apple. Apple is in a mature industry, and both its earnings and dividends are expected to grow at a rate of 4% annually. Which of the following is most likely to be the best model for determining the intrinsic value of an Apple share? A. Gordon growth model. В. Free cash flow to equity model. C. Multistage dividend discount model.