Click here to read the eBook: Constant Growth Stocks VALUATION OF A CONSTANT GROWTH STOCK A stock is expected to pay a dividend of $0.75 at the end of the year (i.e., D1 = $0.75), and it should continue to grow at a constant rate of 8% a year. If its required return is 13%, what is the stock's expected price 1 years from today? Round your answer to two decimal places. Do not round your intermediate calculations