What stock price is expected four years from now

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Reference no: EM131933701

Holtzman Clothiers' stock currently sells for $34 a share. It just paid a dividend of $3.5 a share (i.e., D0 = $3.5). The dividend is expected to grow at a constant rate of 5% a year.

What stock price is expected 4 years from now? Round your answer to two decimal places.

Reference no: EM131933701

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