What is the current price of its stock

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Reference no: EM132000309

CX Enterprises has the following expected dividends: $ 1.13 in one year, $ 1.24 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 soon). If CX's equity cost of capital is 11.7 %, what is the current price of its stock?

Reference no: EM132000309

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