Question: can I please ger answer for this question? Save Submit Assignment for Grad Question of Check My Work (1 remaining Problem Walk-Through Problem 9-13 Constant
Save Submit Assignment for Grad Question of Check My Work (1 remaining Problem Walk-Through Problem 9-13 Constant growth You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.75 a share at the end of the year (D:- $2.75) and has a beta of 0.9. The risk-free rate is 3.7%, and the market risk premium is 6.0%. Justus currently sells for $49.00 a share, and its dividend is expected to grow at some constant rate, 9. 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 P3?) Round your answer to two decimal places. Do not round your intermediate calculations. o e
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