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HNM stock currently sells for $22.00 per share. The stock just paid a dividend of $1.00 a share (i.e., D0 = $1.00). The dividend is

HNM stock currently sells for $22.00 per share. The stock 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 10 percent a year.

What is the price of HNM stock one year from now? :

What is the required rate of return on HNM stock?

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