A share of stock is now selling for $105. It will pay a dividend of $13.6 per share at the end of the year. Its beta is 1.0. Assume the risk-free rate is 4.26% and the expected rate of return on the market is 21.26%. Required: What do investors expect the stock to sell for at the end of the year? (Round your answer to 2 decimal places. Omit the “$” sign in your response.)
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