What stock price is expected one year from now

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Holtzman Clothiers' stock currently sells for $18 a share. It just paid a dividend of $3 a share (i.e., D0 = $3). The dividend is expected to grow at a constant rate of 3% a year. What stock price is expected 1 year from now? Round your answer to two decimal places. $ What is the required rate of return? Round your answers to two decimal places. Do not round your intermediate calculations. %

Reference no: EM131615817

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