What is the current price of its stock

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CX Enterprises has the following expected dividends, $1.14 in one year, $1.25 in two years, and $1.31 in three years. After that, its dividends are expected to grow at 4.4% per year forever (so that year? 4's dividend will be 4.4% more than $1.31and so? on). If CX's equity cost of capital is 12.3%, what is the current price of its stock?

Reference no: EM131340671

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