Constant growth valuation-stock price is expected

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Constant growth valuation

Harrison Clothiers' stock currently sells for $35 a share. It just paid a dividend of $1.5 a share (that is, D0 = 1.5). The dividend is expected to grow at a constant rate of 3% 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.

Reference no: EM13768954

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Constant growth valuation-stock price is expected : Harrison Clothiers' stock currently sells for $35 a share. It just paid a dividend of $1.5 a share (that is, D0 = 1.5). The dividend is expected to grow at a constant rate of 3% a year. What stock price is expected 1 year from now?

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