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QUESTION 39 Assume the risk-free rate is 84 and the expected rate of return on the market is 18%. A share of stock is now

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QUESTION 39 Assume the risk-free rate is 84 and the expected rate of return on the market is 18%. A share of stock is now selling for 5100. It will pay a dividend of 59 per share at the end of the year, its beta is 1. What do investors expect the stock to sell for at the end of the year? (Hint: What should be the expected return on the stock and who should be the expected price of the year end to achieve that expected return Note: If you prefer to put just the answer without the steps that is fine. Providing the steps may get you partial credit in case your numerical answer is wrong

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