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This duestion PL ne 01 35:00 ST 5 of 12 (0 complete) CX Enterprises has the following expected dividends: $100 in one year, 51 15

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This duestion PL ne 01 35:00 ST 5 of 12 (0 complete) CX Enterprises has the following expected dividends: $100 in one year, 51 15 in two years, and $125 in three years. After that is dividends are expected to grow at 4% per year forever (so that year 4's dividend will be 4% more than $125 and so on). W 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

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