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CX Enterprises has the following expecteddividends: $ 1.03 in oneyear, $ 1.19 in twoyears, and $ 1.28 in three years. Afterthat, its dividends are expected
CX Enterprises has the following expecteddividends: $ 1.03 in oneyear, $ 1.19in twoyears, and $ 1.28in three years. Afterthat, its dividends are expected to grow at 3.6 %
per year forever(so that year4's dividend will be 3.6 % more than $ 1.28 and soon). IfCX's equity cost of capital is 11.7 % what is the current price of itsstock? Round to the nearest cent
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