A- Holtzman Clothiers's stock currently sells for $17 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 6% a year.

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. %

C- Maxwell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting deeper each year, its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 3% per year. If D0 = $3 and rs = 17%, what is the value of Maxwell Mining's stock? Round your answer to two decimal places.

$