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Assume Coleco pays an annual dividend of $ 1.55 and has a share price of $ 37.52 It announces that its annual dividend will increase

Assume Coleco pays an annual dividend of

$ 1.55

and has a share price of

$ 37.52

It announces that its annual dividend will increase to

$ 1.76

If its dividend yield stays the same, what should be its new share price?

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