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Analysts expect Tinstagram will be worth 1 1 5 per share in one year from now and that it will not distribute any dividends. The

Analysts expect Tinstagram will be worth 115 per share in one year from now and that it will not distribute any dividends. The risk-free rate is 8% p.a., the expected return on the market is 27%, and the beta of Tinstagram is reg, where reg is 9.
According to the CAPM, what should the current price of one share of Tinstagram be today? Show all the details of your calculation, explain intermediate results, and show your results with 4 decimal places.

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