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Excel onlne structured Activity: Constant growth You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1.50 a

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Excel onlne structured Activity: Constant growth You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1.50 a share at the end of the year (D1=$1.50) and has a beta of 0.9 . The risk-free rate is 2.7%, and the market risk premium is 5.0%. Justus currently sells for $35.00 a share, and its dividend is expected to grow at some constant rate, 0 . The data has been collected in the Microsoft Excel Online file below. Open the soreadsheet and perform the required analysis to answer the question below. Open spreadshent Aecliming the market is in equibrium, what does the market believe will be the stock price at the end of 3 years? (That is, what is P^3?) Round your answer to two decimal places. Do not tound your htermediate calculations

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