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RFC Corp. has announced a $0.57 dividend. If RFC's last price cum-dividend is $4.65, what should its first ex-dividend price be (assuming perfect capital markets)?

RFC Corp. has announced a $0.57 dividend. If RFC's last price cum-dividend is $4.65, what should its first ex-dividend price be (assuming perfect capital markets)? RFC's first ex-dividend price should be s (Round to two decimal places.)

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