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A share of stock with a beta of 0.67 now sells for $42. Investors expect the stock to pay a year-end dividend of $3. The

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A share of stock with a beta of 0.67 now sells for $42. Investors expect the stock to pay a year-end dividend of $3. The T-bill rate is 4%, and the market risk premium is 7%. If to be f price of the st the stock is perceived to be fairly priced today, what must be investors expectation of the price of the stock at the end of the year? (Do not round intermediate calculetions. Round your answer to 2 decimal places) Stock price

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