PLEASE HELP ASAP $!!$

Problem $9\mathrm{.}13($Constant Growth$)$

$A-Z$

Problem Walk$-$Through

You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $$1\mathrm{.}75$ a share at the end of the year $(D_1=$$$1\mathrm{.}75)$ and has a beta of $0\mathrm{.}9.$ The risk$-$free rate is $4\mathrm{.}3\%,$ and the market risk premium is $4\mathrm{.}5\%.$ Justus currently sells for $$38\mathrm{.}00$ a share, and its dividend is expected to grow at some constant rate, $g.$ 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 widehat$(P{)}_3?)$ Do not round intermediate calculations. Round your answer to the nearest cent.

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