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Problem 9.03 (Constant Growth Valuation) Question 10 of 20 ) Check My Work (3 remaining) eBook Holtzman Clothiers's stock currently sells for $22.00 a share.

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Problem 9.03 (Constant Growth Valuation) Question 10 of 20 ) Check My Work (3 remaining) eBook Holtzman Clothiers's stock currently sells for $22.00 a share. It just paid a dividend of $4.00 a share (i.e., Do = $4.00). 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 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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