You are considering an investment in Justus Corporations Stock, which is expected..

Q Search this course y Constant growth Video Excel Online Structured Activity: Constant growth 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 (D $1.s0) and has a beta of 0.9 The risk free rate is 5.0%, and the market nsk premu m is 5.5%. Justus current y sells for $38.00 a share, end its dividend is expected to grow at some constant rate, g. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the quesion below Open spreadsheet Assuming the market is in equlibrium, what does the market believe will be the stock price at the end of 3 years? (That is, what is P17) Round your answer to two decimal places. Do not round your intermediate calculations. Check My Work Back Next