Question: Johnson Inc is expected to pay equal dividends at the

Johnson, Inc., is expected to pay equal dividends at the end of each of the next two years. Thereafter, the dividend will grow at a constant annual rate of 4.5 percent, forever. The current stock price is $43. What is next year’s dividend payment if the required rate of return is 11 percent?

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  • CreatedOctober 01, 2015
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