3. Problem 9.03 (Constant Growth Valuation) eBook dividend of $3.25 a share (i.e., Do = $3.25). The dividend is expected to grow at a constant rate of 8% a Holtzman Clothiers's stock currently sells for $15.00 a share. It just paid 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. %