Holtzman Clothiers's stock currently sells for $31.00 a share. It just paid a dividend of $3.75 a share (i.e., D0=$3.75 ). The dividend is expected to grow at a constant rate of 8% a 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. %