Posted queshtion before and was answered wrong i really need correct answer for

Question

Posted queshtion before and was answered wrong i really need correct answer for this please.

Holtzman Clothiers's stock currently sells for $34 a share. It just paid a dividend of $4 a share (i.e., D0 = $4). The dividend is expected to grow at a constant rate of 10% a year.

What stock price is expected 1 year from now? Round your answer to two decimal places.
$ ANSWER

What is the required rate of return? Round your answer to two decimal places. Do not round your intermediate calculations.
%ANSWER

Explanation / Answer

Price next year=Price now*(1+growth rate)=34*(1+10%)=$37.4

Required return=D1/Price+growth rate=D0*(1+g)/Price+growth rate=4*(1+10%)/34+10%=22.9412%

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