24. Holtzman Clothiers's stock currently sells for $18.00 a share. It just paid a dividend of $1.75 a share (i.e., D 0 = $1.75). The
24.
Holtzman Clothiers's stock currently sells for $18.00 a share. It just paid a dividend of $1.75 a share (i.e., D0 = $1.75). 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. %
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Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
