Question: Could you help me with this problem. I was able to work out part of the answer and then got stuck. I found r (7.08).

Could you help me with this problem. I was able to work out part of the answer and then got stuck. I found r (7.08).

A share of stock with a beta of 0.68 now sells for $43. Investors expect the stock to pay a yearend dividend of $2. The Tbill rate is 1 2 3%, and the market risk premium is 6%. If the stock is perceived to be fairly priced today, what must be investors' expectation of the price of the stock at the end of the year? {Do not round intermediate calculations. Round your answer to 2 decimal places] 1.76 palms

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