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C9H eBook H Problem Walk-Through You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $3.00 a share

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eBook H Problem Walk-Through You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $3.00 a share at the end of the year (Dj - $3.00) and has a beta of 0.9. The risk-free rate is 5.5%, and the market risk premium is 4.0%. Justus currently sells for $35.00 a share, and its dividend is expected 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 is, what is Ps) Do not round Intermediate calculations. Round your answer to the nearest cent

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