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Railway Cabooses just paid its annual dividend of $2.03 per share. The company has been reducing the dividends by 6.84%each year.How much are you willing
Railway Cabooses just paid its annual dividend of $2.03 per share. The company has been reducing the dividends by 6.84%each year.How much are you willing to pay today to purchase stock in this company if your required rate of return is 9.55%? Round your final answer to 2 decimal places and leave out the "$" sign.
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