Holtzman Clothiers stock currently sells for $30.00 a share. It Just paid a dividend of $1.50 a share (I.e, d0 =1.50) The dividend is expected to grow at a constant rate of 7% a year.

Holteman Clothiers's stock currently sells for $30.00 a share. It just paid a dividend of $1.50 a share (le, De = $1.50). The dividend is expected to grow at a constant rate of 7% 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