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eBook Holtzman Clothiers's stock currently sells for $ 4 0 . 0 0 a share. It just paid a dividend of $ 4 . 0

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Holtzman Clothiers's stock currently sells for $40.00 a share. It just paid a dividend of $4.00 a share (i.e.,D0=$4.00). The dividend is expected to grow at a constant
rate of 4% a year.
What stock price is expected 1 year from now? Round your answer to the nearest cent.
What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
%
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