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Holtzman Clothiers stock currently sells for $32.00 per share. It just paid a dividend of $1.50 a share. The dividend is expected to grow at

Holtzman Clothiers stock currently sells for $32.00 per share. It just paid a dividend of $1.50 a share. The dividend is expected to grow at a constant rate of 10% a year.

a. What stock price is expected 1 year from now? Round your answer to the nearest cent.

$ ?

b. What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.

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