Question: Please answer this question clearly. Please ensure that your answer is correct. Thank you CX Enterprises has the following expected dividends: $1.13 in one year,
Please answer this question clearly. Please ensure that your answer is correct. Thank you
CX Enterprises has the following expected dividends: $1.13 in one year, $1.21 in two years, and $1.34 in three years. After that, its dividends are expected to grow at 3.6% per year forever (so that year four's dividend will be 3.6% more than $1.34 and so on). If CX 's equity cost of capital is 11.7%, what is the current price of its stock? The price of the stock will be $ (Round to the nearest cent.)
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