What stock price is expected one year from now

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CONSTANT GROWTH VALUATION (2 PARTS)

Holtzman Clothiers's stock currently sells for $26 a share. It just paid a dividend of $4 a share (i.e., D0 = $4). 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.

answer: $ _________

What is the required rate of return? Round your answer to two decimal places. Do not round your intermediate calculations.

answer: % _________

Reference no: EM131910811

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