What is the current price of cypress common shares

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Cypress Ltd. has 5 million common shares outstanding. Last year, the shares paid a dividend of $0.22 per share. Analysts have stated that they expect these dividends to grow at an average annual rate of 3% for the foreseeable future. The beta on Cypress common shares is 1.50, the risk-free rate of return is 3% and the expected return on the market is 10%. Given this information, what is the current price of Cypress common shares?

Reference no: EM132652714

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