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CX Enterprises has the following expected dividends: $ 1 . 0 3 in one year, $ 1 . 1 8 in two years, and $

CX Enterprises has the following expected dividends: $1.03 in one year, $1.18 in two years, and $1.33 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 $1.33 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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