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CX Enterprises has the following expected dividends: $1.04 in one year, $1.18 in two years, and $1.28 in three years. After that, its dividends are
CX Enterprises has the following expected dividends: $1.04 in one year, $1.18 in two years, and $1.28 in three years. After that, its dividends are expected to grow at 3.6% per year forever (so that year four's dividend will be 3.6% more than $1.28 and so on). If CX's equity cost of capital is 12.8% , what is the current price of its stock
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