The required return on the stock is 8.87%. Given the cash flows in the summary quote, what is the value of the stock? Johnson & Johnson (JNJ) NYSE-Nasdaq Real Time Price. Currency in USD 179.43 +0.79 (+0.44%) As of 12:39PM EDT. Market open. Summary Previous Close Open Bid Ask Day's Range 52 Week Range Volume Company Outlook Ave Volume 178.64 178.80 179.67 x 1000 179.65 x 1400 177.68-180.62 155.72-186.69 2,386,866 8,058,736 Chart Add to watchlist Conversations Stat Market Cap Beta (SY Monthly) PE Ratio (TTM) EPS (TTM) Earnings Date Forward Dividend & Yield Ex-Dividend Date 1y Target Est 472.069B 0.72 22.99 7.81 Jul 19, 2022 4.52 (2.50%) May 23, 2022 191.42 D
The required return on the stock is 8.87%. Given the cash flows in the summary quote, what is the value of the stock? Johnson & Johnson (JNJ) NYSE-Nasdaq Real Time Price. Currency in USD 179.43 +0.79 (+0.44%) As of 12:39PM EDT. Market open. Summary Previous Close Open Bid Ask Day's Range 52 Week Range Volume Company Outlook Ave Volume 178.64 178.80 179.67 x 1000 179.65 x 1400 177.68-180.62 155.72-186.69 2,386,866 8,058,736 Chart Add to watchlist Conversations Stat Market Cap Beta (SY Monthly) PE Ratio (TTM) EPS (TTM) Earnings Date Forward Dividend & Yield Ex-Dividend Date 1y Target Est 472.069B 0.72 22.99 7.81 Jul 19, 2022 4.52 (2.50%) May 23, 2022 191.42 D
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
The required return on the stock is 8.87%. Given the cash flows in the summary quote, what is the value of the stock?
Answer

Transcribed Image Text:The required return on the stock is 8.87%. Given the cash flows in the summary quote, what is
the value of the stock?
Johnson & Johnson (JNJ)
NYSE-Nasdaq Real Time Price. Currency in USD
179.43 +0.79 (+0.44%)
As of 12:39PM EDT Market open.
Summary
Previous Close
Open
Bid
Ask
Volume
Avg. Volume
Company Outlook
Answer
178.64
178.80
179.67 x 1000
Day's Range
52 Week Range 155.72-186.69
179.65 x 1400
177.68-180.62
2,386,866
8,058,736
Chart
Add to watchlist
Conversations
Market Cap
Beta (SY
Monthly)
PE Ratio (TTM)
EPS (TTM)
Earnings Date
Forward
Dividend & Yield
Ex-Dividend Date
1y Target Est
Stat
472.069B
0.72
22.99
7.81
Jul 19, 2022
4.52 (2.50%)
May 23, 2022
191.42
k
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you

Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,



Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,



Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,

Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education