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The current stock price of FBFB is $160. Analysts have done research and figured that the beta of FBFB is 0.77. The one-year risk-free rate

The current stock price of FBFB is $160. Analysts have done research and figured that the beta of FBFB is 0.77. The one-year risk-free rate is 3%, and the expected return on the market index for the coming year is 8%. Suppose that CAPM holds. The expected price of FBFB in one year is closest to: A. $164.80 B. $174.66 C. $170.96 D. $160.00 E. $172.80

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