Lee has just purchased shares of company B for $25 each. The shares have a...

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Accounting

Lee has just purchased shares of company B for $25 each. The shares have a beta of 1.5 and are not expected to pay any dividends over the next year. The risk-free rate is 5% and the return on the market is expected to be 15%.
Required: Advise Lee on the expected price of the share at the end of the year.

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