Kuro’s stock price is currently $144.80 and its beta is 1.2….
Kuro’s stock price is currently $144.80 and its beta is 1.2. It is widely accepted that the current risk-free rate is 3% and the market risk premium is 6%. You believe that the stock price will be $157.70 in one year. The company does not pay dividends. Based on the given information, is Kuro’s stock currently undervalued? Explain.
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