You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1.50 a share at the end of the year (D1=$1.50) and has a beta of 0.9 . The risk-free rate is 4.0%, and the market risk premium is 4.5%. Justus currently sells for $49.00 a share, and its dividend is expected to grow at some constant rate, g. Assuming the market is in equilibrium, what does the market believe will be the stock price a the end of 3 years? (That is, what is P3 ?) Do not round intermediate calculations. Round your answer to the nearest cent. A stock is expected to pay a dividend of $1,00 at the end of the year (i.e., D1=$1.00 ), and it should continue to grow at a constant rate of 4% a year. If its required return is 15%, what is the stock's expected price 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent