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You are considering an investmenk in Justus Corporation's stock, which is expected to pay a dividend of $1,50a share at the end of the year

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You are considering an investmenk in Justus Corporation's stock, which is expected to pay a dividend of $1,50a share at the end of the year (D1=$1.50 ) and has a betai of 0.9. The risk free rate is 3.18, and the market risk premium is 6%. Justus currently sells for $37.00 a share, and its dividernd is expected to grow. at some constant rate, 0. Assuming the maiket is in equilibrium, what does, the market believe will be the sitock price at the end of 3 years? (That is, what is P2 ?) Do not round antermediate calculations. Round your answer to the netarest cont

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