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Contrail Air Inc., Just paid a dividend of $1.75 per share on its stock. The dividends are expected to grow at a constant rate of

Contrail Air Inc., Just paid a dividend of $1.75 per share on its stock. The dividends are expected to grow at a constant rate of 4% percent per year, indefinitely. If investors require a return of 13% percent, what is the current price? Dividend paid $1.75 Dividend growth rate 4% Required return 13% Requested year 0

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