E13 F H I A B C D E F G 31 32 33 34 9.3 CONSTANT GROWTH VALUATION 35 Holtzman Clothiers's stock currently sells for $56.34 a share. It just paid a 36 dividend of $2.11 a share (i.e., DO = $2.11). The dividend is expected to 37 grow at a constant rate of 2.27% a year. a) Calculate the stock price 38 expected 1 year from now. b) Calculate the required rate of return. 39 40 41 42 43 44 A