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Aces High Airline Supply generates a rate of return of 10% on its investments and maintains a plowback ratio of 40%. It's earnings this year

Aces High Airline Supply generates a rate of return of 10% on its investments and maintains a plowback ratio of 40%. It's earnings this year will be $1.50 per share. Investors expect 13% return on the stock. What is the price of the company? (Hint: First compute the growth rate, then compute the price)

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