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21. Currently JNJ stock sells for $60 per share. Over the next 3 years the expected annual dividend is projected at $2.15 per share; the

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21. Currently JNJ stock sells for $60 per share. Over the next 3 years the expected annual dividend is projected at $2.15 per share; the projected stock price in 3 years is $95 per share; the stock has a beta of 0.8; you calculate market risk at 12%; and a T-bill currently pays 0.25%. a. What is the stock's expected return? b. What is your required return? c. What will you do

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