2. Problem 9.03 (Constant Growth Valuation) eBook Holtzman Clothiers's stock currently sells for $28.00 a share. It just paid a dividend of $1.25 a share (ie., Do $1.25). The dividend is expected to grow at a constant rate of 5% 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.