Find price of the company-aces high airline

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Aces High Airline Supply generates a rate of return of 18% on its investments and maintains a plowback ratio of 20%. It's earnings this year will be $3 per share. Investors expect 10% retun on the stock. What is the price of the company? (Hint: First compute the growth rate, then compute the price)

Reference no: EM132687207

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