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Contrail Air Inc., Just paid a dividend of $3.15 per share on its stock. The dividends are expected to grow at a constant rate of
Contrail Air Inc., Just paid a dividend of $3.15 per share on its stock. The dividends are expected to grow at a constant rate of 6% percent per year, indefinitely. If investors require a return of 8% percent, what is the current price?
Dividend paid $3.15
Dividend growth rate6%
Required return 8%
Requested year 0
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