1. Problem 9.03 (Constant Growth Valuation) Holtzman Clothiers's stock currently sells for $29.00 a share. It just paid a dividend of $2.75 a share (i.e., D0=$2.75 ). 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 the nearest cent. \$ What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %