• None of the above

• $31.85

• $31.10

• $31.93

• $31.18

Period Market 1 .1146 Stock X .087 Stock Y .112 Stock Z .053 T-Bills .0091 59 60 .028 .099 .034 --012 -004 .033 .0411 103 .0116 0120 Avg. Beta .082 1.00 .114 0.77 .046 1.16 Y .121 1.43 Z .0140 0.00 $990.88 If Stock Y is currently fairly priced at $30 per share and if the company is expected to pay a Dividend of $0.75 per share one year from today, what does the Market expect next year's stock price to be? Period Market 1 .1146 Stock X .087 Stock Y .112 Stock Z .053 T-Bills .0091 59 60 .028 .099 .034 --012 -004 .033 .0411 103 .0116 0120 Avg. Beta .082 1.00 .114 0.77 .046 1.16 Y .121 1.43 Z .0140 0.00 $990.88 If Stock Y is currently fairly priced at $30 per share and if the company is expected to pay a Dividend of $0.75 per share one year from today, what does the Market expect next year's stock price to be