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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=$1.50) and has a beta of 0.9 . The risk-free rate is 3.8%, and the market risk premium is 5.0%. Justus currentiy sells for $30.00 a share, and its dividend is expected to grow at some constant rate, 9 . The data has been collected in the Microsoft. Excel Online flle 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^3? ) Round your answer to two decimal places. Do not round your intermediate caloulations. $ 1. template - Saved Search for tools, help, and more (Option +Q) File Home Insert Draw Page Layout Formulas Data Review View Help B11 fx E F F H

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