Search this course Ch 09: End-of-Chapter Problems - Stocks and Their Valuation Back to Assignment d Study Tools Attempts Keep the Highest/1 S. Problem 9.13 (Constant Growth) Ters A tions 11 access Tips ccess Tips ebook 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 (D- $2.00) and has a beta of 0.9. The risk-free rate is 4.6%, and the market risk premium is 4%. Justus currently sells for $37.00 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 Ps) Do not round intermediate calculations. Round your answer to the nearest cent. $ ble for a FREE 7. ngage Unlimited 3e Unlimited atbooks for Free Grade it Now rn more Save & Continue Continue without saving eedback 30 cao God F 11 F VVS SV