#14the expected rate of return on the market portfolio is 12% and T-bills yield 4%, what must be the beta of a stock that investors expect to return 9%?(Round your answer to 4 decimal places.)

Beta of Stock ______

A share of stock with a beta of 0.65 now sells for $40. Investors expect the stock to pay a year-end dividend of $2. The T-bill rate is 6%, and the market risk premium is 9%. If the stock is perceived to be fairly priced today, what must be investors' expectation of the price of the stock at the end of the year?(Do not round intermediate calculations. Round your answer to 2 decimal places.)

Stock Price: