Harrison clothiers stock currently sells for 32 a share it


Harrison Clothiers' stock currently sells for $32 a share. It just paid a dividend of $1.25 a share (that is, D0 = 1.25). The dividend is expected to grow at a constant rate of 3% a year.

a. What stock price is expected 1 year from now?

b. What is the required rate of returen?

 

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Finance Basics: Harrison clothiers stock currently sells for 32 a share it
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