O x Ch 09: End-of-Chapter Problems - Stocks and Their Valuation Back to Assignment Attempts Keep the Highest/1 4. Problem 9.11 (Valuation of a Constant Growth Stock) eBook Problem Walk-Through A stock is expected to pay a dividend of $1.00 at the end of the year (i.e., D = $1.00), and it should continue to grow at a constant rate of 7% a year. If its required return is 14%. what is the stock's expected price 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent Grade it Now Save & Continue Continue without saving