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A share of stock sells for $37 today. The beta of the stock is 0.9 and the expected return on the market is 10 percent.
A share of stock sells for $37 today. The beta of the stock is 0.9 and the expected return on the market is 10 percent. The stock is expected to pay a dividend of $1.3 in one year. If the risk-free rate is 5.3 percent, what should the share price be in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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