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(constant growth) You are considering an investment and Justice Corporations stock, which is expected to pay a dividend of $2.25 a share at the end

(constant growth) You are considering an investment and Justice Corporations stock, which is expected to pay a dividend of $2.25 a share at the end of the year. And has a beta of 0.9. The risk-free rate is 4.2%, in the market risk premium is 6.0%. Justice currently sells for $40 a share, and its dividend is expected to grow at some constant rate, G. Assuming the market is an equilibrium, what does the market believe will be at stock price at the end of three years. do not round intermediate calculations. Round your answer to the nearest cent.

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