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Assume Coleco pays an annual dividend of $ 1 . 5 4 and has a share price of $ 3 7 . 8 2 .

Assume Coleco pays an annual dividend of $1.54 and has a share price of $37.82. It announces that its annual divend will increase to $1.72. If its dividend yield stays the same, what should be its new share
The new price will be $,.(Round to the nearest cent.)
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