A share of stock with a beta of 0.75 currently sells for $50. Investors expect the stock to pay a year-end dividend of $2. The 1 year t-bill currently sells for $961.54, and the historic return on the market is 11%, the historic risk free rate is 4%. 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.