Question: Video 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
Video 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 (0, - $1,75) and has a beta of 0.9. The risk-free rate is 4.7%, and the market risk premium de 4.0%. Justus currently sells for $23.00 a share, and its dividend is expected to grow at some constant rate, 9 The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. . 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 P?) Round your answer to two decimal places. Do not round your intermediate calculations 23.00 Check My Work Reset
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