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Business, 15.04.2020 02:35 Randomtrashygirl

A share of stock is now selling for $75. It will pay a dividend of $6 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? Assume the risk-free rate is 5% and the expected rate of return on the market is 13%. (Round your answer to 2 decimal places.)

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