Business, 18.06.2020 20:57 bloop3r

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?

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CX Enterprises has the following expected dividends: $ 1.00 in one year, $ 1.15 in two years, and $...