the argumentg between apple and David Einhorn from Green capital,

1) iPrefs to current shareholders would affect Apple’s enterprise value?

the only impact is cariance, $1.9 bil. isn’t it?

2) iPrefs to current shareholders would change Apple’ cost of capital? If it did change; was there a way to predict what it would be?

3) Alternatives for Apple to return cash to current shareholders? What would you recommend?