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You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.00 a share at the end of the

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You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.00 a share at the end of the year (D1=$2.00) and has a beta of 0.9 . The risk-free rate is 6.06 , and the market risk premium is 55 . Jutus currently sells for $49.00 o hare, and its dividend is expocted to grow at some constant rate, 9 . Assuming the murket is in equilibrium, what does the market believe will be the stock price at the end of 3 years? (That is, what is Pap) Do not round intermediate calculations. Round your answer to the nearest cent

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