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Cowboy Energy Partners next expected dividend, in one year, is $1.25. The firm's dividends are expected to grow by 6 percent for the indefinite future.

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Cowboy Energy Partners next expected dividend, in one year, is $1.25. The firm's dividends are expected to grow by 6 percent for the indefinite future. What is the value of Cowboy's stock if the required rate of return is 12 percent? $13.89 $19.44 None of these are correct. $20.83 $29.17

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