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rou are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.75 a share at the end of the

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rou are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.75 a share at the end of the year (O, 32.75 ) and has a beta of 0.9. The risk-free rate is 4.8%, and the market risk premium is 4.5%. Justus currently selis for $49.00 a share, and its dividend is expected to grow at some constant rate, 9 . The data has been collected in the Microsoft Excel Online filo below. Open the spreadsheet and perform the required analysis to answer the question below: Open spreadsheet Assuming the marknt is in equilibrium, what does the market bolieve will be the stock price at the end of 3 years? (That is, what is P3 ?) Round your-answer to two decimal places. Do not round your intermediate calculations

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