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A share of stock sells for $54 today. The beta of the stock is .8, and the expected return on the market is 17 percent.

A share of stock sells for $54 today. The beta of the stock is .8, and the expected return on the market is 17 percent. The stock is expected to pay a dividend of $1.10 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.)

Share Price $_________

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