Click here to read the eBook: Constant Growth Stocks CONSTANT GROWTH VALUATION Holtzman Clothiers's stock currently sells for $36 a share. It just paid a dividend of $2 a share (.e., D. $2). 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. Click here to read the eBook: Valuing Nonconstant Growth Steds Problem Walk-Through NONCONSTANT GROWTH Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $2.00 coming 3 years from today. The dividend should grow rapidly-at a rate of 44% per year during Years 4 and 5; but after year 5. growth should be a constant 6% per year. If the required return on Computech is 12%, what is the value of the stock today? Round your answer to the nearest cent. Do not round your Intermediate calculations