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Please show work. CX Enterprises has the following expected dividends: $1.14 in one year, $1.25 in two years, and $1.32 in three years. After that,
Please show work.
CX Enterprises has the following expected dividends: $1.14 in one year, $1.25 in two years, and $1.32 in three years. After that, its dividends are expected to grow at 4% per year forever (so that year 4 's dividend will be 4% 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? The price of the stock will be $ (Round to the nearest cent.)Step by Step Solution
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