Harrison clothiers stock currently sells for 20 per share, Financial Management

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Harrison clothiers stock currently sells for 20 per share

Harrison Clothiers' stock currently sells for $20 per share. The stock just paid a dividend of $1 a share. The dividend is expected to grow at a constant rate of 10% per year. What stock price is expected 1 year from now? What is the required rate of return on the company's stock?

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Financial Management: Harrison clothiers stock currently sells for 20 per share

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Financial Management: Harrison clothiers stock currently sells for 20 per share

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