Harrison Clothiers' stock currently sells for $21 a share. It just paid a dividend of $3.75 a share (that is, D0 = 3.75). The dividend is expected to grow at a constant rate of 4% 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. ____%