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Holtzman Clothiers's stock currently sells for $22 a share. It just paid a dividend of $2 a share (i.e., D0 = $2). The dividend is expected to grow at a constant rate of 6% 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. %

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92852233

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