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FIN 300 Spring 2022 (0) Arianna Barksdale III Homework: Chapter 7 Homework Problems Question 10, P7-19 (similar to) HW Score: 45%, 9 of 20 points

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FIN 300 Spring 2022 (0) Arianna Barksdale III Homework: Chapter 7 Homework Problems Question 10, P7-19 (similar to) HW Score: 45%, 9 of 20 points Points: 0 of 1 Save cx Enterprises has the following expected dividends: $1.11 in one year $1.19 in two years, and $1.26 in three years. After that, es dividends are expected to grow at 3.7% per year forever (so that year 4's dividend will be 3.7% more than $1.26 and so on). 1 CX's equity cost of capital is 12.1%, what is the current price of its stock? GT The price of the stock will be $ (Round to the nearest cent)

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