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  3. cx enterprises has the following expected dividend

CX Enterprises has the following expected dividends: $1.07 in one year, $1.15 in two years,...

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Accounting

CX Enterprises has the following expected dividends: $1.07 in one year, $1.15 in two years, and $1.27 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 $1.27 and so on). If CX's equity cost of capital is 11.6%, what is the current price of its stock?

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