Hapter Problems-Stocks and Their Valuation Back to Assignment Attempts Keep the Highest/1 6. Problem 9.11 (Valuation of a Constant Growth Stock) E eBook Problem Walk-Through A stock is expected to pay a dividend of $1.50 at the end of the year (e., D $1.50), and it should continue to grow at a constant rate of 9% a year. If 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. Grade it Now 0x Save & Continue Continue without saving A-Z 4