A share of stock sells for 44 today the beta of the stock


A share of stock sells for $44 today. The beta of the stock is 1.6, and the expected return on the market is 12 percent. The stock is expected to pay a dividend of $.70 in one year. If the risk-free rate is 4.3 percent, what should the share price be in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A share of stock sells for 44 today the beta of the stock
Reference No:- TGS01253925

Expected delivery within 24 Hours