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You are convidering an investment in Justus Corporaticn's stock, which is expected to pay a dividend of $2.75 a share at the end of the

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You are convidering an investment in Justus Corporaticn's stock, which is expected to pay a dividend of $2.75 a share at the end of the year ( D1=52.75 ) and has a beta of 0.9 . The tisk-tree rate is 6.0%, and the market risk premlum is 5.5%. Justus currently solis for 537.00 a share, and its dividend is expected to grow at some constant rate, 9 . Assuming the market is in equitibrium, what does the market believe will be the stock price at the end of 3 years? (That is, what is P^37 ) Do not round intermediste calculations, Rqund your. anwwer to the nelest cent

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