What is the current price

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Question - CT Air Inc., just paid a dividend of $5.00 per share on its stock. The dividends are expected to grow at a constant rate of 7% percent per year, indefinitely. If investors require a return of 15% percent, what is the current price?

Dividend paid =$5.00

Dividend growth rate =7%

Required return =15%

Requested year =0

Reference no: EM131996372

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