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Constant growth valuation Harrison Clothiers' stock currently sells for $33 a share. It just paid a dividend of $3.75 a share (that is, D0= 3.75).

Constant growth valuation

Harrison Clothiers' stock currently sells for $33 a share. It just paid a dividend of $3.75 a share (that is, D0= 3.75). The dividend is expected to grow at a constant rate of 4% a year.

  1. What stock price is expected 1 year from now? Round your answer to two decimal places.$
  2. What is the required rate of return? Round your answers to two decimal places.%

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