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CX enterprises has the following expected dividends: $1.07 in one year, $1.21 in two years, and $1.33 in three years. after that, its dividends are
CX enterprises has the following expected dividends: $1.07 in one year, $1.21 in two years, and $1.33 in three years. after that, its dividends are expected to grow at 4% per year forever(so that year 4's dividend will be 4% more than $1.33 and so on). If CX's equity cost of capital is 12.4%, what is the current price of its stock?
the price of the stock will be ?
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