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Ou are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.00 a share at the end of the

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Ou are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.00 a share at the end of the yesr (Dy = $2.00 j and as a beta of 0.9. The risk-free rate is 4.5%, and the market risk premium is 4.0%. Justus currently selits for $49.00 a share, and its divicend is expected to Irow at some constant rate, 9. Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years? (That is, nhat 5P3 ?) Do not round intermediate calculations. Round your answer to the nearest cent

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