You find a stock with a beta of 1.3 that you expect to be priced at $55 next year and to pay a dividend of $0.85. If the risk-free rate is 3% and the market risk premium is 8%, what is the most you would be willing to pay for the stock today? a. $47.75 b. $48.50 c. $48.83 d. $49.25 What is the expected return of a stock that has a 40% chance of losing 10%, a 30% chance of making 4% and a 30% chance of making 18%? a. 4.00% b. 10.60% C. 2.60% d. 6.50%