What is its current stock price

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X Inc. has the following expected dividends: $1 in one year, $1.15 in two years, and $1.25 in three years. After, 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 X Inc.'s cost capital in 12%, what is its current stock price?

Reference no: EM131321524

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