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Arkansas Technology stock is expected to be priced at $52.80 in 1 year. It is expected to pay its next dividend, which is expected to

Arkansas Technology stock is expected to be priced at $52.80 in 1 year. It is expected to pay its next dividend, which is expected to be $3.80, in 1 year. The stock has a beta of 1.30. The market has an expected return of 10.80% and the risk-free rate is 1.20%. What is the current price of Arkansas Technology stock?

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