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Constant Growth Valuation Woidtke Manufacturing's stock currently sells for $21 a share. The stock just paid a dividend of $4.00 a share (i.e., D0 =
Constant Growth Valuation Woidtke Manufacturing's stock currently sells for $21 a share. The stock just paid a dividend of $4.00 a share (i.e., D0 = $4.00), and the dividend is expected to grow forever at a constant rate of 6% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent. $ What is the estimated required rate of return on Woidtke's stock? Do not round intermediate calculations. Round the answer to three decimal places. %
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