What stock price is expected one year from now

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Constant growth valuation Harrison Clothiers' stock currently sells for $36 a share. It just paid a dividend of $2.75 a share (that is, D0 = 2.75). The dividend is expected to grow at a constant rate of 6% a year.

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

Reference no: EM131058641

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