What is the estimated value of joe incs preferred stock

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Joe Inc.'s preferred stock is expected to pay a $2.52 dividend annually and is expected to do this forever. Joe Inc. is in a high risk business that requires an 8% return. What is the estimated value of Joe Inc.'s preferred stock?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131961315

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