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Question 3 5 6 p t s Johnson & Johnson has a return on new investment of 1 0 % and a retention ratio of

Question $35$

$6 p t s$

Johnson & Johnson has a return on new investment of $10 %$ and a retention ratio of $38 % .$ The required rate of return is $12 % .$ The coming year's earnings per share are expected to be $ $3 .$ At which price will the stock sell now?

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Question 3 5 6 p t s Johnson & Johnson has a return on new investment of 1 0 % and a retention ratio of

Question 35 6pts Johnson & Johnson has a return on new investment of 10% and a retention ratio of 38%. The required rate of return is 12%. The coming year's earnings per share are expected to be $3. At which price will the stock sell now?

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Question $35$

$6 p t s$

Johnson & Johnson has a return on new investment of $10 %$ and a retention ratio of $38 % .$ The required rate of return is $12 % .$ The coming year's earnings per share are expected to be $ $3 .$ At which price will the stock sell now?