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at: Module 4 Homework Assignment Score: 50.00% Save Submit Assignment for Grading Problem 9.11 (Valuation of a Constant Growth Stock) Question 15 of 20 Check

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at: Module 4 Homework Assignment Score: 50.00% Save Submit Assignment for Grading Problem 9.11 (Valuation of a Constant Growth Stock) Question 15 of 20 Check My Work (3 remaining) LO eBook Problem Walk-Through A stock is expected to pay a dividend of $2.25 at the end of the year (l.e., Di - $2.25), 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 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent. $ remaining)

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