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Contrail Air Inc., Just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at a constant rate of

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Contrail Air Inc., Just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at a constant rate of 5% percent per year, indefinitely. If investors require a return of 11% percent, what is the current price? Dividend paid $2.15 Dividend growth rate | 5% Required return 111% Requested year 0 34.13 34.04 37.63 O (37.63)

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