What stock price is expected 1 year from now what is the


Harrison Clothiers' stock currently sells for $15 a share. It just paid a dividend of $2.75 a share (that is, D0 = 2.75). The dividend is expected to grow at a constant rate of 7% 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.

________ %

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