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CX Enterprises has the following expected? dividends: $1

Finance

CX Enterprises has the following expected? dividends: $1.03 in one? year, $1.23 in two? years, and $1.35 in three years. After?that, its dividends are expected to grow at 4.2% per year forever?(so that year? 4's dividend will be 4.2% more than $1.35 and so?on). If? CX's equity cost of capital is 12%?, what is the current price of its? stock?

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