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CX Enterprises has the following expected dividends: $1.13 in one year, $1.24 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, $1.24 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 4's dividend will be 4.1% more than $1.34 and so on). If CX's equity cost of capital is 1 1.8%, what is the current price ofits stock? % more than S1 34 andsoon). if The price of the stock will be S (Round to the nearest cent.)
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