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Better Stores makes a profit of $800,000. Its EPS is $8.00. Its dividends retention rate is 75%. What is the price of its stock if

Better Stores makes a profit of $800,000. Its EPS is $8.00. Its dividends retention rate is 75%. What is the price of its stock if it pays an indefinite dividend which will grow at 3% annually and its cost of capital is 6%?

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