Problem 13 Intro A stock just paid an annual dividend of $6.1. The dividend is expected to grow by 3% per year for the next 4 years. In 4 years, the P/E ratio is expected to be 25 and the payout ratio to be 60%. The required rate of return is 8%. Part 1 | Attempt 1/10 for 10 pts. What is the value of the stock? + decimals Submit