Project #84735 - "The Joseph Company has a stock issue that pays a fixed dividend of $3.00 per share annually. Investors believe the nominal

The Joseph Company has a stock issue that pays a fixed dividend of $3.00 per share annually. Investors believe the nominal risk-free rate is 4 percent and that this stock should have a risk premium of 6 percent. What should be the value of this stock? 
           
Answer:          
           
Enter the answers in blue shaded cells    
           
Required return C    
           
Value of stock C    

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Due By (Pacific Time) 10/02/2015 02:00 pm
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