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Find what is expected price of creamy custard stock

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Reference no: EM132758227

Problem 1: Investors of Creamy Custard common stock earns 15% of return. It just paid a dividend of $6.00 and dividends are expected to grow at a rate of 6% indefinitely. What is expected price of Creamy Custard's stock?

Reference no: EM132758227

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