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3 Foxtrap Inc is a mature manufacturing firm. The company just pold a $940 dividend, but management expects to reduce the payout by 49 per

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3 Foxtrap Inc is a mature manufacturing firm. The company just pold a $940 dividend, but management expects to reduce the payout by 49 per year indefinitely. If you require a 10% return on this stock, what will you pay for a share today? (Round the final answer to 2 decimal places. Omit $ sign in your response) Current share price KA

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