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ring an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.50 a share at the end of the year (D

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ring an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.50 a share at the end of the year (D = $2.50) and has a bea of 0.9. The risk-free rate is 2.74, and the market risk premium is Justus currently sells for $45.00 share and its dividend is expected to grow at some constant rate, S. Assuming the markets in equilibrium, what does the market believe will be the stock price at the end of years? (That is what is Pon) Do not round intermediate calculations. Round your answer to the nearest cent

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