Holtzman Clothiers's stock currently sells for $26.00 a share. It just paid a dividend of $4.00 a share (ie. Do - $4.00). The dividend is expected to grow at a constant rate of 7% 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 % Torch Industries can issue perpetual preferred stock at a price of $51.00 a share. The stock would pay a constant annual dividend of $5.00 a share. What is the company's cost of preferred stock, to? Round your answer to two decimal places, % Your parents will retire in 19 years. They currently have $340,000 saved, and they think they will need $2,400,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places % Tresnan Brothers is expected to pay a $1.70 per share dividend at the end of the year (le, Du = $1.70). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock, is, is 18%. What is the stock's current value per share? Round your answer to the nearest cent