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You are considernng an investment in Justus Corporation's stock, which is expected to poy a dividend of $1.50 a share at the end of the

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You are considernng an investment in Justus Corporation's stock, which is expected to poy a dividend of $1.50 a share at the end of the year (D. 51.50 ) and has a befa of 0.9 . The risk-free rate is 3.5%6, and the market risk premium is 4.5%. Justus currently sells for $44.00 a share, and its drvidend is expected to orow at sorne constant rate, 9 . The data has been collected in the Microsoft Excel Online hile below. Open the spreadsheet and perfogm the required analysis to answer the euestion below. Open spreadsheet Assuming the market is in equitibmum, what does the market believe will be the stock price at the end of 3 years? (That is, what is P^3 ?) thound your answer to two deomal places. Do not round your intormediate calculations. 5

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