Required:

The market price of a security is $$70.$ Its expected rate of return is $12\%.$ The risk$-$free rate is $7\%,$ and the market risk premium is $7\%.$

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