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Johnson Corporation's stock is currently selling at $38.93 per share. The last dividend paid (D0) was $2.50. Johnson is a constant growth firm. If investors
Johnson Corporation's stock is currently selling at $38.93 per share. The last dividend paid (D0) was $2.50. Johnson is a constant growth firm. If investors require a return of 16 percent on Johnson's stock, what do they think Johnson's growth rate will be?
A. a. 9%
B. b. 10%
C. c. 7%
D. d. 8%
E. e. 6%
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