Holtzman Clothiers's stock currently sells for $22 a share. It just paid a dividend of $2 a share (i.e., D0 = $2). The dividend is expected to grow at a constant rate of 6% a year.
1) What stock price is expected 1 year from now? Round your answer to two decimal places. $
2) What is the required rate of return? Round your answer to two decimal places. Do not round your intermediate calculations. %