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A share of stock sells for $47 today. The beta of the stock is 1.2, and the expected return on the market is 15 percent.

A share of stock sells for $47 today. The beta of the stock is 1.2, and the expected return on the market is 15 percent. The stock is expected to pay a dividend of $1.00 in one year. If the risk-free rate is 4.6 percent, what should the share price be in one year?

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