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The market price of a security is $36. Its expected rate of return is 11%. The nschee rate is 4%, and the market risk pre

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The market price of a security is $36. Its expected rate of return is 11%. The nschee rate is 4%, and the market risk pre ium is 9%, w at ell the man t pce of the sea ety be ne beta doubles (and all other variables remain unchanged)? Assume the stock is expected to pay a constant dividend in perpetuity. (Round your answer to 2 decimal places.) Market price

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