Problem $7-10($Algo$)$

Required:

The market price of a security is $$54.$ Its expected rate of return is $9\%.$ The risk$-$free rate is $5\%,$ and the market risk premium is $9\%.$ What will the market price of the security be if its beta doubles $($and all other variables remain unchanged$)?$ Assume the stock is expected to pay a constant dividend in perpetuity. $($Round your answer to $2$ decimal places.$)$

Market price