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You are considening an investment in Justus Corporatiori's stock, which is expected to pay a dividend of $1.50 a share at the end of the

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You are considening an investment in Justus Corporatiori's stock, which is expected to pay a dividend of $1.50 a share at the end of the year (D D1=$1.50 ) and has a beta of 0.9. The risk-free rate is 2.7%, and the market risk premium is 4.0%. Justus currently sells for $48.00 a share, and its dividend is expected to grow at some constant rate, 9 . The data has been coilected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Assuming the market is in equilibnum, what does the market believe will be the stock price at the end of 3 years? (That is, what is P^2 ?) Round your answer to two decimal places. Do not round your intermediate calculasons. 1 Constant growth

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