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Problem 9-3 Constant growth valuation Harrison Clothiers' stock currently sells for $34 a share. It just paid a dividend of $2.5 a share (that is,

Problem 9-3 Constant growth valuation Harrison Clothiers' stock currently sells for $34 a share. It just paid a dividend of $2.5 a share (that is, Do = 2.5). The dividend is expected to grow at a constant rate of 7% a year. a. What stock price is expected 1 year from now? Round your answer to two decimal places. b. What is the required rate of return? Round your answers to two decimal places

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