8-16A. (Common stockhotder expected return) Access the Internet to gather the following informacion for Johnson & Johnson.
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8-16A. (Common stockho"tder expected return) Access the Internet to gather the following informacion for Johnson & Johnson.
a. The earnings per share and dividends per share for the past five years.
b. The common stock price.
Assuming that the annual growth rate in earnings per share for the past four y~ars is a reasonable estimate of the growth in share price for the indefinite future, which it may not be, estimate the expected rate of return for the stock.
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Related Book For
Financial Management Principles And Applications
ISBN: 9780131450653
10th Edition
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
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