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What is the value of one share of common stock

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Reference no: EM132657294

Johnson Company just paid an annual dividend of $1.75. The next dividend will be paid one year from today. Johnson Company expects a constant growth of 5 percent in dividends forever. The required rate of return for this company's common stock is 13 percent. What is the value of one share of common stock?

Reference no: EM132657294

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