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Assume Coloco pays an annual dividend of $1.49 and has a share price of $37.32. It announces that its annual dividend will increase to $1.75,

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Assume Coloco pays an annual dividend of $1.49 and has a share price of $37.32. It announces that its annual dividend will increase to $1.75, if its dividend yield stays the same. What should be a new share price? The new price will be $(Round to the nearest cant)

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