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The market price of a security is Kshs. 40, the securitys expected rate of return is 13%, the riskless rate of interest is 7% and

The market price of a security is Kshs. 40, the securitys expected rate of return is 13%, the riskless rate of interest is 7% and the market risk premium, [E(Rm) Rf], is 8%. What will be the securitys current price if the its expected future payoff remain the same but the covariance of its rate of return with the market portfolio doubles?

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