What stock price is expected one year from now

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Holtzman Clothiers's stock currently sells for $15 a share. It just paid a dividend of $2.25 a share (i.e., D0 = $2.25). The dividend is expected to grow at a constant rate of 5% 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 answer to two decimal places. Do not round your intermediate calculations.

%

Reference no: EM131879249

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