Given the following information: If a Johnson & Johnson preferred stock (AAA-rating) pays an quarterly dividend of $1.25. There is no dividend growth. Investors can earn 10% on alternative and comparable-risk investments in U.S. Capital Markets. Considering that the current U.S. Fed fund rate = 1.78% as of May 3, 2019 Johnson & Johnson stock has a Beta coefficient of 1.5 What is the maximun price that should be paid for this J&J Preferred stock? Price of J&J Preferred Stock