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A share of stock sells for $44 today. The beta of the stock is 1.6 and the expected return on the market is 12 percent.

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A share of stock sells for $44 today. The beta of the stock is 1.6 and the expected return on the market is 12 percent. The stock is expected to pay a dividend of $0.70 in one year. If the risk-free rate is 4.3 percent, what should the share price be in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Share price

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