You want to buy a few shares of stock of Merry-Go-Round Corporation. The company generates...
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You want to buy a few shares of stock of Merry-Go-Round Corporation. The company generates a 13.7 percent rate of return across its investment projects that correctly compensates its investors 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 $3.9 annual dividend per share? Do NOT use "$" in your answer. Round your answer to TWO decimal places, for example, 10.23
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