2. A company paid out a dividend of $3 today (Divo). The company's dividends are paid once a year (next dividend is in a year from today) and are expected to grow at a constant growth rate of 4% annually, forever The company's equity sensitivity to market risk (i.e. the stock beta) is 1.5. It is known that the risk free rate, r, , is 2.5% and the market nsk premium, E(5)-5-is 5%. Calcolatethe poctelsk ur by wi the CAPM maldl b. What is the price of the stock today? What is the price of the stock exactly three years from today (just after a dividend is paid out)? Hint-find the dividend in year 4, Div,to compute the price in three years d. Calculate the dividend yield for the stock today. Hint-this is based on today's stock price and the upcoming dividend, Div e. Calculate the dividend yield for the stock 3 years from today Assume you bought the stock today for the price calculated in section b. and sold it after 3 years at the price calculated in section c.Obviously, don't forget that as a stock owner, you also received3 dividend payments during these three years (last dividend just before you sold the stock)