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Swanson Inc. has just paid a dividend of $2 per ordinary share. Its expected dividends will grow at a rate of 4% per annum. Swansons

Swanson Inc. has just paid a dividend of $2 per ordinary share. Its expected dividends will grow at a rate of 4% per annum. Swansons shares have a beta of 0.6, the risk-free interest rate is 2% and the expected return on the market is 12%, what is the current price (to the nearest dollar) of Swansons shares?


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