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Holtzman Clothiers's stock currently sells for $18 a share. It just paid a dividend of $2.25...

Holtzman Clothiers's stock currently sells for $18 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 7% a year.

  1. What stock price is expected 1 year from now? Round your answer to two decimal places.
    $
  2. What is the required rate of return? Round your answer to two decimal places. Do not round your intermediate calculations.
    %
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