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You want to buy a few shares of stock of Merry-Go-Round Corp. You need a 15.8% rate of return to compensate for the perceived risk.

You want to buy a few shares of stock of Merry-Go-Round Corp. You need a 15.8% rate of return to compensate for the perceived risk. What is the maximum you are willing to spend per share to buy this stock if the company pays a constant $2.96 annual dividend per share?

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