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sorry its small, you can see it if you zoom in You are considering an investment in Justus Corporation's stock, which is expected to pay
sorry its small, you can see it if you zoom in
You are considering an investment in Justus Corporation's stock, which is expected to pay dividend of $1.75 a share at the end of the year ($175) and has a bete of 0.9. The nike free rate is 5,7%, and the market risk premium is 5.5%. Justus currently sells for $21.00 share, and its dividend is expected to grow at some constant rate. Assuming the market is in quibrium, what does the market belleve will be the stock price at the end of 3 years? (That is what is P.) Do not round Intermediate calculation. Hound your answer to the nearest cent 6 Step by Step Solution
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