A share of stock sells for $45 today. The beta of the stock is 1.2, and the expected return on the market is 10 percent. The stock is expected to pay a dividend of $1.5 in one year. If the risk-free rate is 3 percent, what will the share price be in one year?

Select one:

a. $50.13

b. $57.75

c. $48.63

d. $56.75

e. $45