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  3. the risk-free interest rate on one-year debt is 7.

The risk-free interest rate on one-year debt is 7.2 percent and the return on the...

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Accounting

The risk-free interest rate on one-year debt is 7.2 percent and the return on the market is expected to be 13.2 percent. A stock with a beta of 1.4 pays no dividends over the next year. If it is currently priced at $15.20, what will its price be at the end of the year? (Round the final answer to 2 decimal places. Show all your workings and calculations.)

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