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3. Problem 9.03 (Constant Growth Valuation) eBook Holtzman Clothiers's stock currently sells for $23.00 a...

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3. Problem 9.03 (Constant Growth Valuation) eBook Holtzman Clothiers's stock currently sells for $23.00 a share. It just pais a dividend of $2.00 a share (m. De * $2.00). The dividend is expected to grow at a constant rate of 543 year What stock price is expected 1 year from now? Round your answer to two decimal places, What is the required rate of retum? Do not round intermediate calculations. Round your answer to two decimal places

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