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Book Problem Walk Through You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.75 a share at

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Book Problem Walk Through You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.75 a share at the end of the year (D - 52.75) and has a beta of 0.9. The rife rate is 2.8%, and the market risk premium is 4.5% Justus currently sells for $47.00 a share, and its dividend is spected to grow at some constant rate. Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years (That lo, what as Pin Do not round intermediate calculations. Round your answer to the nearest cent

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