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10. doltaman Clothiers's stock currently sells for $20.00 a share. It...

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Finance

10.
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doltaman Clothiers's stock currently sells for $20.00 a share. It fust paid a dividend of $1.50 a share (1.e, Do =$1.50). The dividend is expected to grow at a constant rate of 5% a year. What stock pcice is expected 1 year from now? Round your answer to the nearest cent. 5 What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. 4

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