Please use the 2018 data for Johnson and Johnson (JNJ) presented below (All numbers in millions except for per share data) to answer the following question: Net Income $15,297 Shareholder's Equity $59,752 Earnings per share $4.21 Dividend per share $3.54 What is the value of JNJ stock using the perpetual growth model and a discount rate of 6.8%? Group of answer choices $136.49 $141.54 $129.16 $232.64

Please use the 2018 data for Johnson and Johnson (JNJ) presented below (All numbers in millions except for per share data) to answer the following question: Net Income $15,297 Shareholder's Equity $59,752 Earnings per share $4.21 Dividend per share $3.54 What is the value of JNJ stock using the perpetual growth model and a discount rate of 6.8%? Group of answer choices $136.49 $141.54 $129.16 $232.64

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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