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3. Problem 9.03 Click here to read the eBook: Constant Growth Stocks CONSTANT GROWTH VALUATION Holtzman Clothiers's stock currently sells for $22 a share. It

3. Problem 9.03 Click here to read the eBook: Constant Growth Stocks CONSTANT GROWTH VALUATION Holtzman Clothiers's stock currently sells for $22 a share. It just paid a dividend of $2.75 a share (i.e., Do = $2.75). The dividend is expected to grow at a constant rate of 10% a year. a. What stock price is expected 1 year from now? Round your answer to two decimal places. $ b. What is the required rate of return? Round your answer to two decimal places. Do not round your intermediate calculations. %

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