Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Holtzman Clothiers's stock currently sells for $37 a share. It just paid a dividend of $3.75 a share (i.e., D0 = $3.75). The dividend is expected to grow at a constant rate of 10% a year.
A. What stock price is expected 1 year from now? Round your answer to two decimal places.
B. What is the required
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