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Holtzman Clothiers's stock currently sells for $32.00 a share. It just paid a dividend of $2.50 a share (i.e., D. - $2.50). The dividend is

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Holtzman Clothiers's stock currently sells for $32.00 a share. It just paid a dividend of $2.50 a share (i.e., D. - $2.50). 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. $ What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. 96

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