Holtzman Clothiers's stock currently sells for $18 a share. It just paid a dividend of $3.5 a share (i. e., D0 = $3.5). The dividend is expected to grow at a constant rate of 6% a year. What stock price is expected 1 year from now? Round your answer to two decimal places.
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Home » Business » Holtzman Clothiers's stock currently sells for $18 a share. It just paid a dividend of $3.5 a share (i. e., D0 = $3.5). The dividend is expected to grow at a constant rate of 6% a year.