The dividend is expected togrow at a constant rate of 6


Harrison Clothiers' stock currently sells for $20 a share. Itjust paid a dividend of $1.00 a share. The dividend is expected togrow at a constant rate of 6 percent a year. What stock price isexpected 1 year from now? What is the required rate ofreturn?

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Accounting Basics: The dividend is expected togrow at a constant rate of 6
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