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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 constant rate, g. 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 P3 ?) Do not round intermediate calculations. Round your answer to the nearest cent

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