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dividend will be 3.6% more than $1.28 and so on). If CX 's equity cost of capital is 11.6%, what is the current price of

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dividend will be 3.6% more than $1.28 and so on). If CX 's equity cost of capital is 11.6%, what is the current price of its stock? The price of the stock will be 9 (Round to the nearest cent.)

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