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You own a stock with a beta of 1.4 that is currently priced at $45 and is expected to pay a dividend of $1.15 next
You own a stock with a beta of 1.4 that is currently priced at $45 and is expected to pay a dividend of $1.15 next year. If the risk-free rate is 3% and the market return is 8%, what will the price have to reach next year to provide your required return? A. $50.65 B. $49.50 C. $48.35 D. $50.41 E. $46.46
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