# A stock is expected to pay a dividend of $1.00 at the end of the year... ###### Question: A stock is expected to pay a dividend of$1.00 at the end of the year (i.e., D1 = $1.00), and it should continue to grow at a constant rate of 5% a year. If its required return is 13%, what is the stock's expected price 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent.$

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Holtzman Clothiers's stock currently sells for $39.00 a share. It just paid a dividend of$1.00 a share (i.e., D0 = $1.00). The dividend is expected to grow at a constant rate of 7% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent.$

What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.
%

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