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Wakon Company earned $5.15 per share and paid dividends of $1.76 per share. The company reported a dividend yield of 4 percent. What was the

Wakon Company earned $5.15 per share and paid dividends of $1.76 per share. The company reported a dividend yield of 4 percent. What was the price of Wakon's stock? (Round your answers to 2 decimal places.) Market price per share

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