ER eBook # Problem Walk-Through A stock is expected to pay a dividend of $1.25 at the end of the year (1.e., D. - $1.25), and it should continue to grow at a constant rate of 10% a year. If its required return 12%, what is the stock's expected price 4 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. Grade it Now Save & Continue Continue without saving MacBook Air 80 DOO 000 Ft 11 F3 F7 Flo F11 F12 A - # 3 $ 4 % 5 & 7 2 00 * 6 9 0 + 11 W E m R Y U O P S