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CX Enterprises has the following expected dividends: $ 1.01 in one year, $ 1.18 in two years, and $ 1.32 in three years. After that,
CX Enterprises has the following expected dividends: $ 1.01 in one year, $ 1.18 in two years, and $ 1.32 in three years. After that, its dividends are expected to grow at 4 % per year forever (so that year four's dividend will be 4 % more than $ 1.32 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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