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Assume Coleo pays an annual dividend of $1.50 and has a share price of $37.50. It announces that its annual dividend will increase to $1.75.

Assume Coleo pays an annual dividend of $1.50 and has a share price of $37.50. It announces that its annual dividend will increase to $1.75. If its dividend yield is to stay the same, what should its new share price be?

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