6. Problem 9.11 (Valuation of a Constant Growth Stock) A stock is expected to pay a dividend of $1.00 at the end of the year (i.e., D1=$1.00 ), and it should continue to grow at a constant rate of 8% a year. If its required return is 14 , what is the stock's expected price 3 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. \$