Cx enterprises has the following expected dividends 100 in, Ask an Expert

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CX Enterprises has the following expected dividends: $1.00 in one year, $1.15 in two years, and $1.25 in three years. After that, 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 CX's equity cost of capital is 12%, what is the current price of its stock?

The price of the stock will be $. (Round to the nearest cent.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92340231

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