Question: Problem 7 - 5 Dividend Yield ( LO 1 ) BMM Industries pays a dividend of $ 2 per quarter. The dividend yield on its

Problem 7-5 Dividend Yield (LO1)
BMM Industries pays a dividend of $2 per quarter. The dividend yield on its stock is reported at 4.8%. What is the stock price? (Round your answer to 2 decimal places.)

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