Johnson Corporation’s stock is currently selling at $45.83 per share. The last dividend paid was $2.50. Johnson is a constant growth firm. If investors require a return of 16% on Johnson’s stock, what do they think Johnson’s growth rate will be?

Johnson Corporation’s stock is currently selling at $45.83 per share. The last dividend paid was $2.50. Johnson is a constant growth firm. If investors require a return of 16% on Johnson’s stock, what do they think Johnson’s growth rate will be?

Johnson Corporation’s stock is currently selling at $45.83 per share. The last dividend paid was $2.50. Johnson is a constant growth firm. If investors require a return of 16% on Johnson’s stock, what do they think Johnson’s growth rate will be?