P 7-19 (similar to) Question Help CX Enterprises has the following expected dividends: $1.02 in one year, $1.19 in two years, and $1.26 in three years. After that, its dividends are expected to grow at 4.1% per year forever (so that year 4's dividend will be 4.1% more than $1.26 and so on). If CX's equity cost of capital is 12%, what is the current price of its stock? The price of the stock will be $ . (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. All parts showing ? Help on usin Clear All Check Answer Previous