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A share of stock sells for R88 today. The stock is expected to pay a dividend of R6.08 per share at the end of one

A share of stock sells for R88 today. The stock is expected to pay a dividend of R6.08 per share at the end of one year. Its beta is 1.08. Calculate the price investors can expect to sell the share for at the end of the year. Assume the risk-free rate is 6% and the expected rate of return on the market is 16%.

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