do not round intermediate calculations :)

Ch 09: Homework Problems - Stocks and Their Valuation a Search this course Back to Assignment 0 X Attempts 010 Keep the Highest 0/1 7. Problem 9.13 (Constant Growth) eBook 1 Problem Walk-Through You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.00 a share at the end of the year (0 - $2.00) and has a beta of 0.9. The risk-free rate is 5.9%, and the market risk premium is 4.5%. Justus currently sells for $22.00 hans, and its dividend is expected to grow at some constant rate, g. Assuming the market is in equilibrium, what don the market belove will be the stock price at the end of 3 years? (That is what a P Do not round intermediate calculations. Round your answer to the nearest cont Grade It Now Save & Continue Continue without saving