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You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both $2.50 in dividends and

You are considering acquiring a common stock that you would like to hold for one year. You expect to receive both $2.50 in dividends and $30 from the sale of stock and end of year (D1 and P1). The maximum price you would pay for the stock today is ______ if you wanted to earn a 10% return.

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