Question: CX Enterprises has the following expected dividends: $ 1 . 1 3 in one year, $ 1 . 2 2 in two years, and $

CX Enterprises has the following expected dividends: $1.13 in one year, $1.22 in two years, and $1.31 in
three years. After that, its dividends are expected to grow at 4.3% per year forever (so that year four's
dividend will be 4.3% more than $1.31 and so on). If CX's equity cost of capital is 11.5%, what is the
current price of its stock?
The price of the stock will be $
(Round to the nearest cent.)
 CX Enterprises has the following expected dividends: $1.13 in one year,

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