gament: Chapter 9 Homework Assignment Score: 44.84% Save Submit Assignment for Grading stions Problem 9.11. (Valuation of a Constant Growth Stock) Question 9 of 11 Check My Work cBook A stock is expected to pay a dividend of $1.00 at the end of the year , DE $1,00), and it should continue to grow at a constant rate of 3% a year. In its required return is 12%, what is the stock's expected price 2 years from today? Do not round Intermediate calculations, Round your answer to the nearest cent. $