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Problem 7-5 Dividend Yield (LO1) BMM Industries pays a dividend of $2.80 per quarter. The dividend yield on its stock is reported at 5.60%. What

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Problem 7-5 Dividend Yield (LO1) BMM Industries pays a dividend of $2.80 per quarter. The dividend yield on its stock is reported at 5.60%. What is the stock price? (Round your answer to 2 decimal places.) Stock price

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