CX Enterprises has the following expected dividends: $1.00 in one year, $1.15 in two years, and $1.25 in three years. After that, its dividends are expected to grow at 4% per year forever (so...

CX Enterprises has the following expected dividends: $1.00 in one year,

$1.15 in two years, and $1.25 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 1.25 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.)

Jun 04, 2022

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CX Enterprises has the following expected dividends: $1.00 in one year, $1.15 in two years, and $1.25 in three years. After that, its dividends are expected to grow at 4% per year forever (so...

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CX Enterprises has the following expected​ dividends: $1.00 in one​ year, $1.15 in two​ years, and $1.25 in three years. After​ that, its dividends are expected to grow at 4% per year forever​ (so...

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CX Enterprises has the following expected dividends: $1.00 in one year, $1.15 in two years, and $1.25 in three years. After that, its dividends are expected to grow at 4% per year forever (so...