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OX Enterprises has the following expected dividends $1.07 in one year $1.18 in two years, and $1.32 in three years. After that, its dividends are
OX Enterprises has the following expected dividends $1.07 in one year $1.18 in two years, and $1.32 in three years. After that, its dividends are expected to grow at 4.2% per year forever (so that year 4's dividend will be 4.2% more than $1.32 and so on). If CX's equity cost of capital is 11.6% what is the current price of its stock? Click the icon to see the Worked Solution (Formula Solution). The price of the stock will be $ (Round to the nearest cent.) Review Only
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