Joe Inc most recent dividend was $3.00 per share (d0). The dividend is expected to grow at a rate of 6%. The risk free rate is 5% and the return on the market is 9%. If the company’s beta is 1.5, what is the price of the stock today?QUESTION:Joe Inc most recent dividend was $3.00 per share (d0). The dividend is expected to grow at a rate of 6%. The risk free rate is 5% and the return on the market is 9%. If thecompany’s beta…
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