Railway cabooses just paid its annual dividend of 250 per, Finance Basics

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Railway cabooses just paid its annual dividend of 250 per

Question: Railway Cabooses just paid its annual dividend of $2.50 per share. The company has been reducing the dividends by 11.7 percent each year. How much are you willing to pay today to purchase stock in this company if your required rate of return is 13 percent? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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