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Cowboy is expected to (1) pay a cash dividend of $11 per share one year from now, and (2) dissolve and pay a liquidating dividend
Cowboy is expected to (1) pay a cash dividend of $11 per share one year from now, and (2) dissolve and pay a liquidating dividend of $30.25 per share two years from now. Cowboy is all equity financed with a required rate of return of 10%. What is the stock price per share of Cowboy one year from now?
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