What is the required rate of return

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Harrison Clothiers' stock currently sells for $32 a share. It just paid a dividend of $2.5 a share (that is, D0 = 2.5). The dividend is expected to grow at a constant rate of 10% 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 answers to two decimal places. %

Reference no: EM131076472

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