Problem 12-15 CAPM and Valuation (LO2) A share of stock with a beta of 0.75 currently sells for $50. Investors expect the stock to pay a year-end dividend of $2. The T-bill rate Is 4%, and the market risk premium is 7%. 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? Note: Do not round Intermediate calculations. Round your answer to 2 decimal places. Answer is complete but not entirely correct. Stock price 52.00