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CX Enterprises has the following expected dividends: $1.11 in one year, $1.22 in two years, and $1.33 in three years. After that, its dividends are

image text in transcribed CX Enterprises has the following expected dividends: $1.11 in one year, $1.22 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 12.1%, what is the current price of its stock

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