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  3. rallway cabooses just paid its annual dividend of

Rallway Cabooses just paid its annual dividend of $1.70 per share. The company has been...

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Accounting

Rallway Cabooses just paid its annual dividend of $1.70 per share. The company has been reducing the dividends by 11.3 percent each year. How mich are you willing to pay today to purchase stock in this company if your required rate of return is 12 percent?

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