Question: Railway Cabooses expected dividend in one year is $ 4 . 3 5 per share. The company has been reducing the dividends by 7 .

 
  • Railway Cabooses expected dividend in one year is $4.35 per share. The company has been reducing the dividends by 7.63% each year.How much are you willing to pay today to purchase stock in this company if your required rate of return is 14.3%? Round your final answer to 2 decimal places and leave out the "$" sign.
 

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