Holtzman Clothiers's stock currently sells for $15 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 5% 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 answer to two decimal places. Do not round your intermediate calculations.
%