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Tresnan Brothers is expected to pay a $3.90 per share dividend at the end of the year (i.e., D1=$3.90 ). The dividend is expected to

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Tresnan Brothers is expected to pay a $3.90 per share dividend at the end of the year (i.e., D1=$3.90 ). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, rs, is 13%. What is the stock's current value per share? Round your answer to two decimal places. Holtzman Clothiers's stock currently sells for $23.00 a share. It just paid a dividend of $1.25 a share (i.e., D0=$1.25 ). The dividend is expected to grow at a constant rate of 5% a year. What stock price is expected 1 year from now? Round your answer to two decimal places. $ What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %

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