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You want to buy a few shares of stock of Merry-Go-Round Corporation. You expect a 12.4 percent rate of return to compensate for the perceived

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You want to buy a few shares of stock of Merry-Go-Round Corporation. You expect a 12.4 percent 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 plans to pay a constant $4.13 annual dividend per share, with the first dividend paid 11 years from today

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