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Holtzman Clothiers' stock currently sells for $35 a share. It just paid a dividend of $2.25 a share (i.e., D_0 = $2.25). The dividend is

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Holtzman Clothiers' stock currently sells for $35 a share. It just paid a dividend of $2.25 a share (i.e., D_0 = $2.25). The dividend is expected to grow at a constant rate of 9% a year. a. What stock price is expected 1 year from now? $ b. What is the required rate of return? Round your answers to two decimal places. Do not round your intermediate calculations. %

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