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9 #1 EB eBook Holtzman Clothiers's stock currently sells for $21.00 a share. It just paid a dividend of $2.50 a share (i.e., Do =
9 #1
EB eBook Holtzman Clothiers's stock currently sells for $21.00 a share. It just paid a dividend of $2.50 a share (i.e., Do = $2.50). The dividend is expected to grow at a constant rate of 7% 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. %Step by Step Solution
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