Expected Stock Price Assignment
February 19th, 2020
Holtzman Clothiers's stock currently sells for $18.00 a share. It just paid a dividend of $2.25 a share (i.e., D0 = $2.25). 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 the nearest cent.
What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. Get Finance homework help today