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What is the value of the joe company stock

Question:

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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Finance Basics: What is the value of the joe company stock

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