Stock X is expected to pay a dividend of $2.00 at the end of the year (that is, D1 = $2.00). The stock has a constant growth rate of 6 percent a year, and the required rate of return is 14%. What is Stock Xs expected current price, i.e., P0?

Group of answer choices

$0.25

$28.12

$26.00

$25.00