Holtzman Clothiers's stock currently sells for $27.00 a share. It just paid a dividend of $1.25 a share (i.e., D0 = $1.25). The dividend is expected to grow at a constant rate of 7% a year.
What stock price is expected 1 year from now? Round your answer
to the nearest cent.
$
What is the required rate of return? Do not round intermediate
calculations. Round your answer to two decimal places.
%
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