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The market price of a security is $ 6 4 . Its expected rate of return is 1 3 % . The risk - free

The market price of a security is $64. Its expected rate of return is 13%. The risk-free rate is 6%, and the market risk premium is 9%. What will the market price of the security be if its beta doubles (and all other variables remain unchanged)? Assume the stock is expected to pay a constant dividend in perpetuity.
Note: Round your answer to 2 decimal places.

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