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required rate of return; price of stock

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Harrison Clothiers stock currently sells for $20 a share. It just paid a dividend of $1.00 a share. The dividend is expected to grow at a constant rate of 6% a year. What stock price is expected 1 year from now? What is the required rate of return?

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This explains the steps to compute the required rate of return and price of stock

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Harrison Clothiers stock currently sells for $20 a share. It just paid a dividend of $1.00 a share. The dividend is expected to grow at a constant rate of 6% a year. What stock price is expected 1 year from now? ...

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