Cx enterprises has the following expected dividends 107 in, Ask an Expert

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CX Enterprises has the following expected dividends: $1.07 in one year, $1.22 in two years, and $1.27 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 $1.27 and soon). If CX's equity cost of capital is 12.5%, what is the current price of its stock?

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Category:- Financial Management
Reference No.:- M92311462

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