Excel Online Structured Activity: Constant growth You are considering an investment in Justus Corporation's stock,...
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Excel Online Structured Activity: Constant growth You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1.75 a share at the end of the year (D, $1.75) and has a beta of o.9. The risk-free rate is 5.6%, and the market risk premium is 4.5%. Justus currently sells for $47.00 a share, and its divi data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below dend is expected to grow at some constant rate, g. The Open spreadsheet Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years? (That is, what is P37) Round your answer t places. Do not round your intermediate calculations
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