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You are considering an investment in Justus Corporation's stock; which is expected to pay a dividend of $3.00 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 $3.00 a share at the end of the year (D =53.00 ) and has a bela of 0.9 . The risk-free rate is 4.6%, and the market risk premium is 4%. Justus currently sells for $50.00 a share, and its dividend is expected to grow at some constant rate, 9 . Assuming the market is in equilibrium, whst does the market believe will be the stock price at the end of 3 years? (That is, what is 7) Do not round intermediate caloulations, pgund your answer to the nearest cent

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