Problem 9.11 (Valuation of a Constant Growth Stock) 33.49 eBook Problem Walk-Through A stock is expected to pay a dividend of $2.25 at the end of the year (i.e., D = $2.25), and it should continue to grow at a constant rate of 6% a year. If its required return is 14%, what is the stock's expected price 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent. Hide Feedback Incorrect Question 11 of 24 O Icon Key Check My Work Check My Work