(Answered) Given the following information from pharoah corporation

Statistics

Given the following information from Pharoah Corporation, what price would the CAPM predict that the company's stock will trade for one year from today? (Do not round intermediate calculations. Round final answer to 2 decimal places, e.g. 50.75.)

Risk free rate:3.8%

Market risk premium:8.1%

Beta:0.70

Current stock price:$66.85

Annual dividend:$1.80

Price$( )

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