Question: eBook H Problem Walk-Through A stock is expected to pay a dividend of $0.75 at the end of the year (i.e., D $0.75), and it

eBook H Problem Walk-Through A stock is expected to pay a dividend of $0.75 at the end of the year (i.e., D $0.75), and it should continue to grow at a constant rate of 3% a year. If its required return is 15%, what is the stock's expected price 2 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. I $

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