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[Solution Library] Harrison Clothiers’ stock currently sells for $20.00 a share. The stock just paid a dividend of $1.00 a share (i.e., Do = $1.00). The

Question: Harrison Clothiers’ stock currently sells for $20.00 a share. The stock just paid a dividend of $1.00 a share (i.e., Do = $1.00). The dividend is expected to grow at a constant rate of 10 percent a 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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