The market price of a security is $52. Its expected rate ofreturn is 12.1%. The risk-free rate is 4% and the market riskpremium is 7.3%. What will be the market price of the security ifits correlation coefficient with the market portfolio doubles (andall other variables remain unchanged)? Assume that the stock isexpected to pay a constant dividend in perpetuity. (Do notround intermediate calculations. Round your answer to 2 decimalplaces.)
Market price=
