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 (D1 = $2.00) and has a beta of 0.9. The risk-free rate is 3.7%, and the market risk premium is 4%. Justus currently sells for $33.00 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 P3) Do not round intermediate calculations. Round your answer to the nearest cent. Only typing answer Please explain step by step

Jersey Jewel Mining has a beta coefficient of 1.5. Currently the risk-free rate is 4 percent and the anticipated return on the market is 6 percent. JJM pays a $5.00 dividend that is growing at 3 percent annually. Do not round intermediate calculations.   What is the required return for JJM? Round your answer to two decimal places.     %   Given the required return, what is the value of the stock? Round your answer to the nearest cent.   $     If the stock is selling for $159, what should you do?   The stock  overvalued and  be purchased.   If the beta coefficient declines to 1.2, what is the new value of the stock? Round your answer to the nearest cent.   $     If the price remains $159, what course of action should you take given the valuation in d?   The stock is  and  be purchased.

Jersey Jewel Mining has a beta coefficient of 1.1. Currently the risk-free rate is 2 percent and the anticipated return on the market is 8 percent. JJM pays a $5.40 dividend that is growing at 4 percent annually. Do not round intermediate calculations. a. What is the required return for JJM? Round your answer to two decimal places. % b. Given the required return, what is the value of the stock? Round your answer to the nearest cent. $ c. If the stock is selling for $138, what should you do? The stock -Select- overvalued and -Select- ✓ be purchased. d. If the beta coefficient declines to 0.9, what is the new value of the stock? Round your answer to the nearest cent. $ e. If the price remains $138, what course of action should you take given the valuation in d? The stock is -Select- and -Select- ✓ be purchased.

Jersey Jewel Mining has a beta coefficient of 1.3. Currently the risk-free rate is 2 percent and the anticipated return on the market is 8 percent. JJM pays a $5.30 dividend that is growing at 6 percent annually. Do not round intermediate calculations.   What is the required return for JJM? Round your answer to two decimal places.     %   Given the required return, what is the value of the stock? Round your answer to the nearest cent.   $     If the stock is selling for $166, what should you do?   The stock -Select-isis notItem 3 overvalued and -Select-shouldshould notItem 4 be purchased.   If the beta coefficient declines to 1.2, what is the new value of the stock? Round your answer to the nearest cent.   $     If the price remains $166, what course of action should you take given the valuation in d?   The stock is -Select-overvaluedundervaluedItem 6 and -Select-shouldshould notItem 7 be purchased.

You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.25 a share at the end of the year (D₁ = $2.25) and has a beta of 0.9. The risk-free rate is 5.3%, and the market risk premium is 5.5%. Justus currently sells for $22.00 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 P3?) Do not round intermediate calculations. Round your answer to the nearest cent. $

Assume Merck (MRK) just finished paying an annual dividend of $2.1 (for 2019). You look up their beta and it equals 0.34 , implying it's much less risky than the market portfolio. The current risk free rate equals 1.96 %. Assume a market risk premium of 9.9 %. Merck's current stock price is $79. Assuming investors expect Merck to grow at a constant rate in perpetuity, what is that growth rate expectation? (write this number as a decimal and not as a percentage, e.g. 0.11 not 11%. Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234)

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 (D1 = $2.00) and has a beta of 0.9. The risk-free rate is 3.6%, and the market risk premium is 5%. Justus currently sells for $40.00 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 ?) Do not round intermediate calculations. Round your answer to the nearest cent.

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Bavarian Sausage is expected to pay a dividend of $1.7 per share at the end of the year, and that dividend is expected to grow at a constant rate of 5% per year in the future. The company's beta is 1.1, the market risk premium is 5%, and the risk-free rate is 2%. What is the company's current stock price in $?

You are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $2.25 a share at the end of the year (D₁ = $2.25) and has a beta of 0.9. The risk-free rate is 4.7%, and the market risk premium is 6%. Justus currently sells for $29.00 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 ?) Do not round intermediate calculations. Round your answer to the nearest cent. $ es