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question: the price of the stock will be $____ (round to the nearest cent) CX Enterprises has the following expected dividends: $1.06 in one year,
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CX Enterprises has the following expected dividends: $1.06 in one year, $1.19 in two years, and $1.32 in three years. After that, its dividends are expected to grow at 3.7% per year forever (so that year 4 's dividend will be 3.7% more than $1.32 and so on). If CX's equity cost of capital is 12.3%, what is the current price of its stock the price of the stock will be $____ (round to the nearest cent)
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