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The Johnson Company just paid an annual dividend of $1.60. How much would you be willing to pay for one share of Johnson Company stock

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The Johnson Company just paid an annual dividend of $1.60. How much would you be willing to pay for one share of Johnson Company stock if the dividend remains constant and you require a 9.5% rate of return? Select one: O a. $19.38 O b. $18.21 O.c. $16.84 O d. $17.78 O e. $16.00

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