Question $3$

Holtzman Clothiers stock currently sells for $$39\mathrm{.}5$ per share. The company just paid a dividend of $$2\mathrm{.}24$ per share. The dividend is expected to grow at a constant rate of $4\mathrm{.}7\%$ per year. What is the company's required rate of return? State your answer as a percentage to $2$ decimal places.

Question $4$

$10pts$

Holtzman Clothiers stock currently sells for $$44\mathrm{.}65$ per share. The company just paid a dividend of $$2\mathrm{.}96$ per share. The dividend is expected to grow at a constant rate of $7\%$ per year. What stock price is expected $2$ years from now?