2. Holtzman Clothiers's stock currently sells for $20.00 a share. It just paid a dividend of $2.25 a share (i.e., D₀ = $2.25). The dividend is expected to grow at a constant rate of 6% a year.

What stock price is expected 1 year from now? Round your answer to the nearest cent. $

3. Tresnan Brothers is expected to pay a $1.60 per share dividend at the end of the year (i.e., D₁ = $1.60). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, r_s, is 20%. What is the stock's current value per share? Round your answer to the nearest cent.

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

4. A stock is expected to pay a dividend of $1.50 at the end of the year (i.e., D₁ = $1.50), and it should continue to grow at a constant rate of 3% a year. If its required return is 15%, what is the stock's expected price 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent.

$