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The risk-free rate of return is 6%, the required rate of return on the market is 14%, and High-Flyer stock has a beta coefficient of

The risk-free rate of return is 6%, the required rate of return on the market is 14%, and High-Flyer stock has a beta coefficient of 1.2. If the dividend per share expected during the coming year,D1, is $5.40 andg= 6%, at what price should a share sell?(Do not round intermediate calculations. Round your answer to 2 decimal places.)

Share price$

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