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Discuss the limitations of the dividend share valuation model for well established firms which have been listed on a stock exchange for many years.

Draw a Supply/demand diagram that shows how stock price is determined. Use WORD document, and you can insert a picture.

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The following information is taken from Johnson & Johnson's annual reports. Its common stock is listed on the New York Stock Exchange, using the symbol JNJ.  Johnson & Johnson           Domestic Sales International Sales   Employees Year ($ million)       2010 29,437 32,124   114.0 2011 12,907 36,107   117.9 2012 29,830 37,394   127.6 2013 31,910 39,402   128.1 2014 34,782 39,548   126.5 2015 35,687 34,387   127.1 2016 37,811 34,079   126.4 2017 39,863 36,597   134.0 2018 41,884 39,697   135.1             Using the period 2010–12 as the base period, compute a simple index of international sales for each year from 2013 to 2018. (Round your answers to 1 decimal place.)The index (2010–2012 = 100) for selected years is: Year         Index 2010 2011 2012 2013 2014 2015 2016 2017 2018