Save Submit Assignment for Grading Problem 9.11 (Valuation of a Constant Growth Stock) Question 6 of 12 Check My Work (2 remaining) CE eBook Problem Walk-Through A stock is expected to pay a dividend of $2.50 at the end of the year (l.e., D:- $2.50), and it should continue to grow at a constant rate of 3% a year. If its required return is 14%, what is the stock's expected price 4 years from today? Do not round intermediate calculations, Round your answer to the nearest cent Check My Work (2 remaining) 0 Icon Key Question of 12 Problem 9.11 (Valuation of a Constant Growth Stock) Save Submit Assignment for Grading Save Submit Assignment for Grading Problem 9.11 (Valuation of a Constant Growth Stock) Question 6 of 12 Check My Work (2 remaining) CE eBook Problem Walk-Through A stock is expected to pay a dividend of $2.50 at the end of the year (l.e., D:- $2.50), and it should continue to grow at a constant rate of 3% a year. If its required return is 14%, what is the stock's expected price 4 years from today? Do not round intermediate calculations, Round your answer to the nearest cent Check My Work (2 remaining) 0 Icon Key Question of 12 Problem 9.11 (Valuation of a Constant Growth Stock) Save Submit Assignment for Grading