The following earnings per share information is available for a stock you are interested in purchasing as an investment: 
The investment capitalization rate is 7.5%.How much should an investor pay for a share of stock?
Definitions:
Patent
A legal document granting an inventor exclusive rights to produce, use, and sell their invention for a certain period of time.
Exclusive Right
A legal provision that allows only the holder to perform a specific activity or use a particular property.
Socially Efficient Quantity
The level of production or consumption that maximizes social welfare, taking into account all external costs and benefits.
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