A share of stock with a beta of 079 now sells for $61. Investors expect the stock to pay a year-end dividend of $3. The T-bill rate is 6% and the market risk premium is 9%. a. Suppose investors belileve the stock will sell for $63 at year-end. Is the stock a good or bad buy? What will Investors do? The stock is a buy and the b. At what price will the stock reach an "equillbrium" at which it is perceivedas fairly priced today? (Do not round Intermediate calculations. Round your answer to 2 decimal places.)