Question
Holtzman Clothiers's stock currently sells for $36.00 a share. It just paid a dividend of $4.00 a share (i.e., D 0 = $4.00). The dividend
Holtzman Clothiers's stock currently sells for $36.00 a share. It just paid a dividend of $4.00 a share (i.e., D0 = $4.00). The dividend is expected to grow at a constant rate of 9% 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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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
