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RFC Corp. has announced a $1.70 dividend. If RFC's last price cum-dividend is $43, what should be its first ex-dividend price (assuming perfect capital markets)?

RFC Corp. has announced a $1.70 dividend. If RFC's last price cum-dividend is $43, what should be its first ex-dividend price (assuming perfect capital markets)? RFC's first ex-dividend price is $ (Round to two decimal places.)

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