Check My Work (3 remaining) 8 (Preferred Stock Valuation): Not Answered eBook Problem Walk-Through stock is expected to pay a dividend of $3.00 at the end of the year (i.e., D1 - $3.00), and it should continue to grow at a constant rate of 6% a year. If its required return is 15%, what is the stock's expected price 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. $ Check My Work (3 remaining) Olon Key A-Z Problem 9.11 (Valuation of a Constant Growth Stock) Question 15 of 20 Submit Assignment for Grading Save keAssignment