Suppose you hold a share of stock A with beta of 3. You expect to recevie $2 per year as divdends for the next 3 years. You also expect the stock to be priced at $40 at the end of year 3. Risk-free rate is 2% and expected market return is 5%. What is the price of stock A today?

		40.5249
		48.6878
		36.5788
		34.1351
		39.4846