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Assume Coleco pays an annual dividend of $ 1.51 and has a share price of $ 37.95. It announces that its annual dividend will increase
Assume Coleco pays an annual dividend of $ 1.51 and has a share price of $ 37.95. It announces that its annual dividend will increase to $ 1.74. If its dividend yield stays the same, what should be its new share price?
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