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please answer You are considering an investment in Justus Corporation's stock, which is expected to poy a dividend of $3,00 a share at the end
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You are considering an investment in Justus Corporation's stock, which is expected to poy a dividend of $3,00 a share at the end of the year (D2= $3.00 ) and has a beta of 0.9. The risk-free rate is 4.1%, and the market risk premim is 6%. Justus currently selis for 543.00 a. share, and its dividend is expected to grow at some constant rate, g. 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 P^3 ?) Do not round intermediate calculations. Round yout answer to the nearest cent. \$) Step by Step Solution
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