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Lee has just purchased shares of company B for $ 2 5 each. The shares have a beta of 1 . 5 and are not
Lee has just purchased shares of company B for $ each. The shares have a beta of and are not expected to pay any dividends over the next year. The riskfree rate is and the return on the market is expected to be
Required: Advise Lee on the expected price of the share at the end of the year.
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