A stock is expected to pay a dvidend of 175 at the end of th

A stock is expected to pay a dvidend of $1.75 at the end of the year ( D-$1.75), and it should contieue to grew at a coestant rate of today? Do not round intermediate calouletions. Round your answer to the nearest cent

expected price of the stock = 1.75*1.03^3/(0.13 - 0.03)

expected price of the stock = 19.12