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J&J Co. just paid a dividend of $2 per share out of earnings of $4 per share. If the book value per share is $25,

J&J Co. just paid a dividend of $2 per share out of earnings of $4 per share. If the book value per share is $25, and its market price is $21.60 per share, calculate the required rate of return on the stock. 18.00% 16.64% 0 17.26% 8.00%

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