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
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 67BE
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Question
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
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