• Railway Cabooses expected dividend in one year is $$4\mathrm{.}35$ per share. The company has been reducing the dividends by $7\mathrm{.}63\%$ each year.How much are you willing to pay today to purchase stock in this company if your required rate of return is $14\mathrm{.}3\%?$ Round your final answer to $2$ decimal places and leave out the $"$$$"$ sign.

 

Answer rating: 100% (QA)

Answer To solve this problem we need to use the present value formula f... View the full answer