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Railway Cabooses just paid its annual dividend of $1.77 per share. The company has been reducing the dividends by 5.36% each year How much are

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Railway Cabooses just paid its annual dividend of $1.77 per share. The company has been reducing the dividends by 5.36% each year How much are you willing to pay today to purchase stock in this company if your required rate of return is 11.7747 Round your final answer to 2 decimal places and leave out the "S" sign

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