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You are considering an levestment in Justus Corporation's stock, which is expected to pay a dividend of 51.50 a stare at the end of the

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You are considering an levestment in Justus Corporation's stock, which is expected to pay a dividend of 51.50 a stare at the end of the vear (D1=$1.50) and has a beta of 0.9. The risk-free rate is 5.2%, and the market risk premium is 5%. Justus currently sells for $50.00 a share, and its dividend is expected to grow at some constant rate. 9 . Assuming the market is in equalibrium, what dees the market believe wat be the stock price at the end of 3 years? (That is, what is P, n) Do not round interimediate calculations. foound your answer to the nearest cent

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