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Railway Cabooses just paid its annual dividend of $150 per share. The company has been reducing the dividends by 112 percent each year. How much

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Railway Cabooses just paid its annual dividend of $150 per share. The company has been reducing the dividends by 112 percent each year. How much are you willing to pay today to purchase stock in this company of your required rate of return is 12 percent? Mile Choice

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