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CX Enterprises has the following expected dividends $1.12 in one year 1 18 in two years, and $1.31 in three years After that, its dividends

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CX Enterprises has the following expected dividends $1.12 in one year 1 18 in two years, and $1.31 in three years After that, its dividends are expected to grow at 3.8% per year forever (so that year 4's dividend will be 38% more than $131 and so on). If CX's equity cost of capital is 12 3%, what is the current price of its stock? The price of the stock will be $ (Round to the nearest cont) ? Enter your answer in the answer box Desktop

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