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Hoitzman Cothiers's stock currendy selis for $3.8.00 a share. It just pald a dividend of $1.25 a share (i.6. D D 0=51.25). The dividend is

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Hoitzman Cothiers's stock currendy selis for $3.8.00 a share. It just pald a dividend of $1.25 a share (i.6. D D 0=51.25). The dividend is expected to grow at a constant rate of 5% a year, What stock brice is expected 1 year from new? Round your answer to the nearest cent. 5 What is the reauired rate of return? bo not round intermediate calculations, Round your amper to two decimal places

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