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Tresnan Brothers is expected to pay a $1.80 per share dividend at the end of the year (i.e., D1 = $1.80). The dividend is expected
Tresnan Brothers is expected to pay a $1.80 per share dividend at the end of the year (i.e., D1 = $1.80). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 11%. What is the stock's current value per share? Round your answer to the nearest cent. Holtzman Clothiers's stock currently sells for $34.00 a share. It just paid a dividend of $3.25 a share (i.e., Do = $3.25). 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. What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places
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