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A share of stock with a beta of .82 now sells for $57. Investors expect the stock to pay year-end dividend of $2. the T-bill

A share of stock with a beta of .82 now sells for $57. Investors expect the stock to pay year-end dividend of $2. the T-bill rate is 5%, and the market risk premium is 8%. If the stock is perceived to be fairly priced today, what must be investors' expectation of the price at the end of the year? (Do not round intermediate calculations. Round your answer to 3 decimal places)

stock price $_______________

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