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You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.00 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 $2.00 a share at the end of the year ( D1=$2.00) and nas a beta of 0.9. The risk-free rate is 2.6%, and the market risk premium is 5.5%. Justus currently sells for $32.00 a share, and its divend is expected to s P3 ?) Do not round intermediate calculations. Round your answer to the nearest cent

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