The purchase of preferred shares in a new software company guarantees a cash dividend of 537 per share at the end of its first year. However, the dividend is expected to decrease by 0.5% per year as the company reinvests its earnings. What is the expected market price per share if money is worth 6.25% compounded annually? The expected market price is $. (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)