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Shares of The Laundry Corporation are currently selling for $45 each. If T-Bills are currently yielding 2% and if the Market Risk Premium is 8%,

Shares of The Laundry Corporation are currently selling for $45 each. If T-Bills are currently yielding 2% and if the Market Risk Premium is 8%, with a projected year-end dividend of $2 per share and a Beta of 1.25, what are investors expecting the year-end price to be, if the securities are at equilibrium?

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