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You are considering an investment in Justus Corporation's stock, which is expected to pary 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 pary a dividend of $2.00 a share at the end of the year (D 2 = $2.00) and has a beta of 0.9. The risk-free rate is 3.3%, and the market risk, premilam is 4.5%. Justus currently selis for $41.00 a share, and its dividend is expected to grow at some constant rate, 9 . Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years? fThat is, what is P2 ?) Do not round intermediate calculations. Round your answer to the nearest cent

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