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Holtzman Clothiers's stock currently sells for $39.00 a share. It just paid a dividend of $1.25 a share (i.e., D0 = $1.25). The dividend is

Holtzman Clothiers's stock currently sells for $39.00 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 9% 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.

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