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Four years ago, you bought 430 shares of Rana Technologies. At the end of the f...

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Four

years ago, you bought 430 shares of Rana Technologies. At the end of the first

year, you received a dividend of

$5,86

per share, followed by no dividends at

the end of the second and third years. At the end of the fourth year, you

received a dividend of

$3,48

per share, and immediately afterward you sold all

your shares for

$84,41

each. If your annual rate of return on this investment

was

15,6

%, what price per share did you originally pay when you purchased the

stock? Write your answer to two decimal places.

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