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You are considering acquiring a common share of General Shopping Center Corporation that you would like to hold for one year. You expect to receive

You are considering acquiring a common share of General Shopping Center Corporation that you would like to hold for one year. You expect to receive both $1.50 in dividends and $48 from the sale of the share at the end of the year. What is the maximum price you would pay for a share today if you wanted to earn a 12% return?

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