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  3. wakon company earned $3.55 per share and paid divi

Wakon Company earned $3.55 per share and paid dividends of $.84 per share. The company...

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Accounting

Wakon Company earned $3.55 per share and paid dividends of $.84 per share. The company reported a dividend yield of 3 percent.

What was the price of Wakon's stock? (Round your answers to 2 decimal places.)

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