Problem 9.03 (Constant Growth Valuation) What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. % eBook Holtzman Clothiers's stock currently sells for $32.00 a share. It just paid a dividend of $2.50 a share (1.e., Do = $2.50). The dividend is expected to grow at a constant rate of 4% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent. Icon Key Question 3 of 24 Problem 9.03 (Constant Growth Valuation) Check My Work Check My Work Question 3 of 24