Question: Please help me with this question A stock is expected to pay a dividend of $0.50 at the end of the year (i.e., D1= $0.50),

Please help me with this question

A stock is expected to pay a dividend of $0.50 at the end of the year (i.e., D1= $0.50), and it should continue to grow at a constant rate of 5% a year. If its required return is 14%, what is the stock's expected price 2 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.

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