Problem 12-15 CAPM and Valuation (LO2) A share of stock with a beta of 0.80 now sells for $55. Investors expect the stock to pay a year-end dividend of $3. The T-bill rate is 3%, and the market risk premium is 6%. If the stock is perceived to be fairly priced today, what must be investors' expectation of the price of the stock at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Stock prices 50.74