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please solve correctly !! will rate You are considering an investment in Justus Corporation's stock, which is expected to pry a dividend of $2,75 a
please solve correctly !! will rate
You are considering an investment in Justus Corporation's stock, which is expected to pry a dividend of $2,75 a share at the end of the yesr (D2=32.75) and has a beta of 0,9.7. The risk-free rate is 3.3%, and the market risk premlum is 4%. Justus currently selis for $40.00 a share, and its dividend is expected to grow at same constant rate, 0 . Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years? (That is, whot is Ps?) Do not round intermediate calculatiahs, Rlound rair answer to the nearest cent: 5 Step by Step Solution
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