P 7-19 (similar to) Question Help CX Enterprises has the following expected dividends: $1.03 in one year, $1.23 in two years, and $1.32 in three years. After that, its dividends are expected to grow...

Extracted text: P 7-19 (similar to) Question Help CX Enterprises has the following expected dividends: $1.03 in one year, $1.23 in two years, and $1.32 in three years. After that, its dividends are expected to grow at 4.3% per year forever (so that year 4's dividend will be 4.3% more than $1.32 and so on). If CX's equity cost of capital is 12.2%, what is the current price of its stock? The price of the stock will be $ (Round to the nearest cent.) Fnter your answer in the answer box and then click Check Answer.


Extracted text: P 7-25 (similar to) Question Help AFW Industries has 202 million shares outstanding and expects earnings at the end of this year of $688 million. AFW plans to pay out 65% of its eamings in total, paying 37% as a dividend and using 28% to repurchase shares. If AFW's earnings are expected to grow by 7.5% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.3%. The price per share will be $ (Round to the nearest cent.) Enter your answer