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A share of stock is now selling for $160. It will pay a dividend of $7 per share at the end of the year. Its

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A share of stock is now selling for $160. It will pay a dividend of $7 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 6% and the expected rate of return on the market is 16%. (Round your answer to 2 decimal places.) Expected selling price

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