A share of stock with a beta of 0.72 currently sells for $47. Investors expect the stock to pay a year-end dividend of $2. The T-bill rate is 3%, and the market risk premium is 6%. If 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? Note: Do not round intermediate calculations. Round your answer to 2 decimal places