a Search this ework Problem 9.11 (Valuation of a Constant Growth Stock) Question 15 of 20 Check My Work (3 remaining) eBook Problem Walk-Through A stock is expected to pay a dividend of $2.75 at the end of the year (1.e., Di $2.75), and it should continue to grow at a constant rate of 7% a year. If its required return is 15%, what is the stock's expected price 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent. Check My Work (3 remaining)