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The riskfree interest rate on oneyear debt is 7 percent and the return on the market is expected to be 13 percent. A stock with

The riskfree interest rate on oneyear debt is 7 percent and the return on the market is expected to be 13 percent. A stock with a beta of 1.2 pays no dividends over the next year. If it is currently priced at $15.00, what will its price be at the end of the year?

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