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Gator Aircraft, Inc. just paid a dividend of $3 per share, which it expects to grow at 5 percent per year forever. If the expected
Gator Aircraft, Inc. just paid a dividend of $3 per share, which it expects to grow at 5 percent per year forever. If the expected return on the stock is 20%, what is the price of a share of Gator stock today?
- $20
- $21
- $22
- $18
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