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14. CX Enterprises has the following expected dividends: $1.14 in one year, $1.21 in two years, and $1.29 in three years. After that, its dividends
14. CX Enterprises has the following expected dividends: $1.14 in one year, $1.21 in two years, and $1.29 in three years. After that, its dividends are expected to grow at 3.8% per year forever (so that year 4's dividend will be 3.8% more than $1.29 and so on). If CX's equity cost of capital is 12.3%, what is the current price of its stock?
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