Question
CONSTANT GROWTH VALUATION Holtzman Clothiers's stock currently sells for $35 a share. It just paid a dividend of $2.25 a share (i.e., D 0 =
CONSTANT GROWTH VALUATION
Holtzman Clothiers's stock currently sells for $35 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.
- What stock price is expected 1 year from now? Round your answer to two decimal places. $
- What is the required rate of return? Round your answer to two decimal places. Do not round your intermediate calculations. %
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Surviving In General Management
Authors: Philip Berman, Pauline Fielding
1st Edition
9780333483145
