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Last Week,Railway Cabooses Paid Its Annual Dividend of $1

Question 41

Multiple Choice

Last week,Railway Cabooses paid its annual dividend of $1.12 a share.The company has been reducing its dividends by 4 percent each year.What is one share of stock worth at a required return of 17 percent?


A) $4.06
B) $5.12
C) $6.80
D) $8.27
E) $7.90

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