1. Tresnan Brothers is expected to pay a $1.00 per share dividend at the end of the year (i.e., D1 = $1.00). The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock, rs, is 7%. What is the stock's current value per share? Round your answer to the nearest cent. = $ 2. Holtzman Clothiers's stock currently sells for $15.00 a share. It just paid a dividend of $4.00 a share (i.e., D0 = $4.00). 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. = %
1. Tresnan Brothers is expected to pay a $1.00 per share dividend at the end of the year (i.e., D1 = $1.00). The dividend is expected to grow at a constant rate of 5% a year. The required
= $
2. Holtzman Clothiers's stock currently sells for $15.00 a share. It just paid a dividend of $4.00 a share (i.e., D0 = $4.00). 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.
= %
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