CONSTATNT GROWTH VALUATION Thomas Brothers is expected to pay a $0.50 per share dividend at the end of the year (i.e., D1=$0.50). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock, rs, is 15%. What is the stocks current value per share?

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CONSTATNT GROWTH VALUATION Harrison Clothiers stock currently sells for $20.00 a share. It just paid a dividend of $1.00 a share (i.e., D0=$1.00). The dividend is expected to grow at a constant rate of 6% a year. What stock price is expected 1 year from now? What is required rate of return?