A. Tresnan Brothers is expected to pay a $3.00 per share dividend at the end of the year (i.e., D₁ = $3.00). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, r_s, is 8%. What is the stock's current value per share? Round your answer to the nearest cent.

$

B.Holtzman Clothiers's stock currently sells for $16.00 a share. It just paid a dividend of $3.25 a share (i.e., D₀ = $3.25). The dividend is expected to grow at a constant rate of 10% 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. %