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CX Enterprises has the following expected dividends: $1.13 in one year, $1.23 in two years, and $1.34 in three years. After that, its dividends are
CX Enterprises has the following expected dividends: $1.13 in one year, $1.23
in two years, and $1.34 in three years. After that, its dividends are expected to grow at 4.1%
per year forever (so that year four's dividend will be 4.1% more than $1.34 and so on). If CX's equity cost of capital is 11.6%,
what is the current price of its stock?
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