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

CX Enterprises has the following expected dividends: $ 1.13 in one year, $ 1.18 in two years, and $ 1.27 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 $ 1.27 and so on). If CX's equity cost of capital is 11.7%, what is the current price of its stock?

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