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The risk free interest rate on one-year debt is 7.4 percent and the return on the market is expected to be 13.4 percent. A stock

The risk free interest rate on one-year debt is 7.4 percent and the return on the market is expected to be 13.4 percent. A stock with a beta of 16 pays no dividends over the next year. If it is currently priced at $15.40, what will its price be at the end of the year? (Round the final answer to 2 decimal places. Omit 5 sign in your response.) Price value $

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