chapter 94.Harrison Cloth

chapter 94.Harrison Cloth

chapter 94.Harrison Clothiers’ stock currently sells for $40 a share. It just paid a dividend of $3 a share (that is, D0 = 3). The dividend is expected to grow at a constant rate of 7% a year.a. What stock price is expected 1 year from now? Round your answer to two decimal places.=$b. What is the required rate of return? Round your answers to two decimal places.=%

%d bloggers like this: