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

CX Enterprises has the following expected dividends: $1.12 in one year, $1.21 in two years, and $1.32 in three years. After that, its dividends are expected to grow at 3.5% per year forever(so that year4's dividend will be 3.5% more than 1.32 and so on). If CX's equity cost of capital is 11.6%, what is the current price of its stock?

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