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You are considering acquiring a common stock that you would like to hold for one year. The stock does not pay dividends, and you expect

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You are considering acquiring a common stock that you would like to hold for one year. The stock does not pay dividends, and you expect to receive $19.60 from the sale of the stock at the end of the year. Assume the risk-free rate is 3%, the stock has a beta of 0.9, and the market risk premium is 10%. According to the CAPM, what should be the price of the stock today? 11.15 21.20 O 17.50 19.00

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