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18. You estimate that JNJ will pay a dividend of $4.32/share next year, its Cost of Equity is 7.6%/year, and its net income will increase

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18. You estimate that JNJ will pay a dividend of $4.32/share next year, its Cost of Equity is 7.6%/year, and its net income will increase 5%/year in the future. A. What is your estimate of JNL's true value/share now? B. If JNJ shares are currently trading at $154/share now, what would you recommend to your clients

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