Question
Holtzman Clothiers's stock currently sells for $24.00 a share. It just paid a dividend of $1.25 a share (i.e., D 0 = $1.25). The dividend
Holtzman Clothiers's stock currently sells for $24.00 a share. It just paid a dividend of $1.25 a share (i.e., D0 = $1.25). The dividend is expected to grow at a constant rate of 6% a year.
What stock price is expected 1 year from now? Round your answer to two decimal places. $ What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %
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Essentials of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-1259277214
