Question 9 1 pts Johnson Corporation has just paid a dividend of $3.68. The company has...

 

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Question 9 1 pts Johnson Corporation has just paid a dividend of $3.68. The company has forecasted a growth rate of 6.5 percent for the next several years. If the appropriate discount rate is 15.2 percent, what is the current price of this stock and will you buy this stock or not if it is currently selling for $54? (Round to the nearest dollar.) O $59. Yes O $59, No. O $45, No O $45, Yes Question 9 1 pts Johnson Corporation has just paid a dividend of $3.68. The company has forecasted a growth rate of 6.5 percent for the next several years. If the appropriate discount rate is 15.2 percent, what is the current price of this stock and will you buy this stock or not if it is currently selling for $54? (Round to the nearest dollar.) O $59. Yes O $59, No. O $45, No O $45, Yes

Answer rating: 100% (QA)

The correct option is c Reason We will use the dividend discount model to find t... View the full answer