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Holtzman Clothiers' stock currently sells for $26 a share. It just paid a dividend of $3.75 a share (i.e., D0 = $3.75). The dividend is expected to grow at a constant rate of 4% 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.

%

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92170866

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