Constant Growth Stocks Holtzman Clothiers's stock currently sells for $30.00 a share. It just paid a dividend of $2.25 a share (i.e., D0 = $2.25). The dividend is expected to grow at a constant rate of 7% a year.

1) What stock price is expected 1 year from now? Round your answer to the nearest cent?

2) $ What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places?2