Apple's stock back on the rise

    8:20 AM, May 8, 2013   |    comments
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    UNDATED (CNN) -- Apple stock is hot again, thanks in part to the tech company's buyback program.

    Shares of Apple are up about 20-percent from last month.

    The rally came after apple said it planned to return $100 billion to shareholders over the next three years, mainly by buying back its own stock.

    Apple sold a record $17 billion worth of bonds to help finance the initiative.

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