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A share of stock is now selling for $110. It will pay a dividend of $8 per share at the end of the year. Its
A share of stock is now selling for $110. It will pay a dividend of $8 per share at the end of the year. Its beta is 1. What must investors expect the stock to sell for at the end of the year? Assume the risk-free rate is 4% and the expected rate of return on the market is 15%. (Round your answer to 2 decimal places.)
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