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Holtzman Clothiers's stock currently sells for $40 a share. It just paid a dividend of $1 a share (i.e., D0 = $1). The dividend is

Holtzman Clothiers's stock currently sells for $40 a share. It just paid a dividend of $1 a share (i.e., D0 = $1). The dividend is expected to grow at a constant rate of 6% 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? Round your answer to two decimal places. Do not round your intermediate calculations. %

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