(Answered) A share of stock sells for 53 today the beta of the stock

Finance

A share of stock sells for $53 today. The beta of the stock is 1.2, and the expected return on the market is 12 percent. The stock is expected to pay a dividend of $1.10 in one year. If the risk-free rate is 5.5 percent,

what will the share price be in one year?

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