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5. Problem 9.13 (Constant Growth) eBook Problem Walk-Through You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of

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5. Problem 9.13 (Constant Growth) eBook Problem Walk-Through You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.00 a share at the end of the year (D: - $2.00) and has a beta of 0.9. The risk-free rate is 5.9%, and the market risk premium is 4.5%. Justus currently sells for $34.00 a share, and its dividend is expected to grow at some constant rate, 9. Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 7) Do not round Intermediate calculations, Round your answer to the nearest years? (That is, what is cent. New Save Co Continue without saving

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