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You have decided to purchase shares of Sohne, Incorporated, but expect to earn a15.4percent rate of return to compensate for the perceived risk of such

You have decided to purchase shares of Sohne, Incorporated, but expect to earn a 15.4 percent rate of return to compensate for the perceived risk of such ownership. What is the maximum price you should pay per share if the company pays a constant $5.25 annual dividend per share?

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