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CX Enterprises has the following expected? dividends: $ 1.03 in one? year, $ 1.25 in two? years, and $ 1.33 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 $ 1.33 and so? on). If? CX's equity cost of capital is 12 %?, what is the current price of its? stock?

Financial Management, Finance

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