Check My Work (s remai 9-5: Constant Growth Stocks Constant growth valuation Harrison Clothlers' stock currently se...

Question:

Check My Work (s remai 9-5: Constant Growth Stocks Constant growth valuation Harrison Clothlers' stock currently sells for $18 a share. It just paid a dividend of$4 a share (that is, Do- 4). The dividend is expected to grow at a constant rate of 7% a year a. What stock price is exxpected 1 year from now? Round your answer to two decimal places 0.018 b. What is the required rate of return? Round your answers to two decimal places 7.018 %

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