Question: CX Enterprises has the following expected dividends: $ 1 . 0 3 in one year, $ 1 . 2 1 in two years, and $

CX Enterprises has the following expected dividends: $ 1.03 in one year, $ 1.21 in two years, and $ 1.26 in three years. After that, its dividends are expected to grow at 3.8% per year forever(so that year four's dividend will be 3.8% more than $ 1.26 and so on). If CX's equity cost of capital is 12.3%, what is the current price of its stock?
a.)The price of the stock will be:

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