BMM Industries pays a dividend of $1.50 per quarter. The dividend yield on its stock is reported at 4.30%. What is the stock price? (Round your answer to 2 decimal places.)

Hubert manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the of inflation.