The management of company A, whose share is traded at 20, has decided to give a fixed dividend to shareholders for ever equal to 3 . In addition, the expected return of the share has been estimated at 9% while the interest rate without risk is 1.5%. Provided that the asset valuation model is valid of the market (CAPM),

1)

if triple the coefficient b of the share with all other parameters constant what will be the new share price ?