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A share of stock sells for $50 today. It will pay a dividend of $6 per share at the end of the year. Its beta

A share of stock sells for $50 today. It will pay a dividend of $6 per share at the end of the year. Its beta is 1.2. Assume that the risk-free rate of interest is 6% and the expected rate of return on the market is 16%. What do investors who believe in the CAPM expect the stock to sell for at the end of the year?

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