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kindly give accurate answer i ll give upvote You are considering an investment In Justus Corporation's stock, which is expected ta pay a duidend of
kindly give accurate answer i ll give upvote
You are considering an investment In Justus Corporation's stock, which is expected ta pay a duidend of $2.50 a share at the end of the yoar {D1 - $2.50} and has a beta of 0.9. The risk-free rate is 5.9%, and the market risk premium is 5.596. Justus currently sells far $35.00 a share, and its dividend is cxpected to arew at some constant rate, 9 . Ascuming the market is in equilibrium, what does the market beliave will be the stock price at the end of 3 years? (That is, what is P17 ) Do nat round intermediate calculations. Fhound your answer to the nearest centStep by Step Solution
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