What do investors expect stock to sell for at end of year

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A share of stock is now selling for $97. It will pay a dividend of $17.1 per share at the end of the year. Its beta is 1.0. Assume the risk-free rate is 12.01% and the expected rate of return on the market is 23.76%. Required: What do investors expect the stock to sell for at the end of the year? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM131979230

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