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You are considering an investment in Justus Corporation's stock, which is expected to pay a...

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Accounting

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You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $3.00 a share at the end of the year ( D1=$3.00) and has a beta of 0.9. The risk-free rate is 5.1%, and the market risk premium is 4.5%. Justus currently sells for $41.00 a share, and its dividend is expected to what is P3 ?) Do not round intermediate calculations. Round your answer to the nearest cent

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