Question: Check My Work (3 remaining) eBook Problem Walk-Through A stock is expected to pay a dividend of $1.75 at the end of the year (i.e.,

Check My Work (3 remaining) eBook Problem Walk-Through A stock is expected to pay a dividend of $1.75 at the end of the year (i.e., D = $1.75), and it should continue to grow at a constant rate of 3% a year. If its required return is 14%, what is the stock's expected price 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent $

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