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Given the following information from Crane Corporation, what price would the CAPM predict that the companys stock will trade for one year from today? (Do

Given the following information from Crane Corporation, what price would the CAPM predict that the companys stock will trade for one year from today? (Do not round intermediate calculations. Round final answer to 2 decimal places, e.g. 50.75.)

Risk free rate: 3.1 %

Market risk premium: 6.6 %

Beta: 0.60

Current stock price: $67.25

Annual dividend: $1.91

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