CX Enterprises has the following expected dividends: $1.08 in one year, $1.18 in two years, and $1.27
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CX Enterprises has the following expected dividends: $1.08 in one year, $1.18 in two years, and $1.27 in three years. After that, its dividends are expected to grow at 4.1%
per year forever (so that year 4’s dividend will be 4.1% more than $1.27 and so on). If CX’s equity cost of capital is 12%, what is the current price of its stock?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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