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Question 7 12.5 pts Contrail Air Inc., Just paid a dividend of $3.15 per share on its stock. The dividends are expected to grow at

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Question 7 12.5 pts 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 rate 6% Required return 8% Requested year 148.05 148.58 O 166.95 O (166.95)

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