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1. Problem 9.03 (Constant Growth Valuation) eBook = $1.25). The dividend is expected to grow Holtzman Clothiers's stock currently sells for $26.00 a share. It

1. Problem 9.03 (Constant Growth Valuation) eBook = $1.25). The dividend is expected to grow Holtzman Clothiers's stock currently sells for $26.00 a share. It just paid a dividend of $1.25 a share (i.e., Do at a constant rate of 6% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent. $ What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %

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