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10 CX Enterprises has the following expected dividends: $1.02 in one year, $1.24 in two years, and $1.33 in three years. After that, its dividends
10
CX Enterprises has the following expected dividends: $1.02 in one year, $1.24 in two years, and $1.33 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 $1.33 and so on). If CX's equity cost of capital is 11.9%, what is the current price of its stock? ... The price of the stock will be $ (Round to the nearest cent.) Step by Step Solution
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