Holtzman Clothiers's stock currently sells for $$39$ a share. It just paid a dividend of $$1$ a share $($i$.$e$.,$ D$0=$ $$1).$ The dividend is expected to grow at a constant rate of $3\%$ a year.

What stock price is expected $1$ year from now? Round your answer to two decimal places.

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

$\%$