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You are planning to buy stocks in ABC Corp and hold for one year. At the end of the year, you expect to receive a

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You are planning to buy stocks in ABC Corp and hold for one year. At the end of the year, you expect to receive a $2.45 dividend and $38 from selling the stock. What is the max price you should pay for ABC stock today? As an investor, you require a return of 8.1%. Do not type the $ symbol. Round your answer to the nearest two decimals if needed

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