Holtzman Clothiers's stock currently sells for $19.00 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 9% 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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