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The price of the stock will be__ round to nearest cent $enter your response here CX Enterprises has the following expected dividends: $1.13 in one

The price of the stock will be__ round to nearest cent

$enter your response here

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CX Enterprises has the following expected dividends: $1.13 in one year, $1.19 in two years, and $1.33 in three years. After that, its dividends are expected to grow at 4.3% per year forever (so that year four's dividend will be 4.3% more than $1.33 and so on). If CX's equity cost of capital is 11.9%, what is the current price of its stock

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