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1. Assume Coleco pays an annual dividend of $1.47 and has a share price of $37.28. It announces that its annual dividend will increase to
1. Assume Coleco pays an annual dividend of $1.47 and has a share price of $37.28. It announces that its annual dividend will increase to $1.78. If its dividend yield stays the same, what should be its new share price?
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