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Contemporary Casuals Ltd. has a beta of 1.15, an expected dividend of $2.30, and an expected dividend growth rate of 5 % for the foreseeable

Contemporary Casuals Ltd. has a beta of 1.15, an expected dividend of $2.30, and an expected dividend growth rate of 5 % for the foreseeable future. If the expected return of the market is 18 %, and the Treasury bill rate is 6 %, what is the price of the Contemporary shares?

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