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The Johnson Company just paid an annual dividend of $1.85. How much would you be willing to pay for one share of Johnson Company stock

The Johnson Company just paid an annual dividend of $1.85. How much would you be willing to pay for one share of Johnson Company stock if the dividend remains constant and you require a 10% rate of return? Select one: a. $19.38 b. $14.40 c. $17.78 d. $18.00 e. $18.50

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