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


Constant growth valuation

Holtzman Clothiers' stock currently sells for $29 a share. It just paid a dividend of $2.5 a share (i.e., D0 = $2.5). The dividend is expected to grow at a constant rate of 8% 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. Do not round your intermediate calculations.

%

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