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Wakon Company earned $ 3 . 2 5 per share and paid dividends of $ 0 . 7 5 per share. The company reported a

Wakon Company earned $3.25 per share and paid dividends of $0.75 per share. The company reported a dividend yield of 3 percent.
What was the price of Wakon's stock?
Note: Round your answer to 2 decimal places.
Market price per share
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