The joe corporation is experiencing financial difficulties., Ask an Expert

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The Joe Company is experiencing financial difficulties. Its dividends and earnings are falling at a constant rate of 7% per year. Its stock just paid an annual common stock dividend of $1.50 per share; the stock has a beta of 0.45; the three-month U.S. Treasury bill rate is 4.8%, and the market risk premium is 7%. What's the value of The Joe Company's stock?

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Category:- Basic Finance
Reference No.:- M9281084

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