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rou are considering an investment in Justus Corporation's stock, which is expected to poy a dividend of 53.00 a share at the end af the

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rou are considering an investment in Justus Corporation's stock, which is expected to poy a dividend of 53.00 a share at the end af the year (D) w s1. 00) and has a beta of Q.9. The nisk-free rate is 3.4\%, and the market risk premium is 4.5%. Justus currently sells for 441.00 a share, and its dividend is expected to grow at some conitant rate, 9 Assuming the market is in equitbrium, what does the market believe will be the stock price at the end of 3 yeara? (That is, what is Ps 7 ) Do rioc round intermedate calculations Round your answer to the nearest cent

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