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CYZ Enterprises has the following expected dividends: $1.02 in one year, $1.21 in two years, and $1.32 in three years. After that, its dividends are
CYZ Enterprises has the following expected dividends: $1.02 in one year, $1.21 in two years, and $1.32 in three years. After that, its dividends are expected to grow at 3.9% per year forever (so that year 4's dividend will be 3.9% more than $1.32 and so on). If CYZ's equity cost of capital is 11.7%, what is the current price of its stock?
The price of the stock will be ________
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