6. Problem 9.11 (Valuation of a Constant Growth Stock) LD eBook Problem Walk-Through A stock is expected to pay a dividend of $2.00 at the end of the year (e., D= $2.00), and it should continue to grow at a constant rate of 4% a year. If its required return is 13%, what is the stock's expected price 3 years from today? Do not round intermediate calculations. Round your answer to the nearest cont