What is the current price of its stock

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Reference no: EM131049246

CX Enterprises has the following expected dividends: $1.08 in one year, $1.17 in two years, and $1.32 in three years. After that, its dividends are expected to grow at 4.5% per year forever (so that year 4's dividend will be 4.5% more than $1.32 and so on). If Cx's equity cost of capital is 12.1%, what is the current price of its stock?

Reference no: EM131049246

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