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Harrison Clothiers' stock currently sells for $17 a share. It just paid a dividend of $3.5 a share ( that is, D - 3.5). The dividend is expected to grow at a constant rate of 8% a year.

a. What stock is expected 1 year from now? Round your answer to two decimal places.

b. What is the required rate of return? Round your answers to two decimal places.

Reference no: EM131100947

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