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The local stock index is expected to rise by 20% over the coming year. The local T-bill yield is 3%. Cool Technologies is currently trading

The local stock index is expected to rise by 20% over the coming year. The local T-bill yield is 3%. Cool Technologies is currently trading at $40.50 per share and its beta is 2.3. You are considering buying 1,000 shares of Cool Technologies. Cool Technologies bid price is $40, and its ask price is $41. Based on the information provided in the preamble to the question, If Cool Technologies pays no dividend and its expected price one-year from today is $48, what is the maximum price you would pay for one share of Cool Technologies (price rounded up to the nearest dollar)

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