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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

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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=51.50) and has a beta of 0.9. The tisk-free rate is 5.1%, and the market risk premlum is 4.5%. Justus currently selis for 521.00 a share, and its dividend is expected to graw at some constant rate, 9 . The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet Assuming the market is in equilibrium, what does the market believe will be the stock price.at the end of 3 years? (That is, what is P.?) Round your answer to two decimal places. Do not round your intermediate calculations

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