Harrison clothiers stock currently sells for 20 a share it


Constant growth valuation

Harrison Clothiers' stock currently sells for $20 a share. It just paid a dividend of $2 a share (that is, D0 = 2). The dividend is expected to grow at a constant rate of 6% 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.

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Financial Management: Harrison clothiers stock currently sells for 20 a share it
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