3) Suppose you are thinking of purchasing the stock of ABC Widget, Inc. In addition to the dividend and price from year one and two you expect it to pay a $5.29 dividend in three years. You believe you can sell the stock for $33.06 at that time. You require a return of 12% on investments of this risk. What is the maximum you would be willing to pay? 4) Suppose a stock is expected to pay a $1.00 dividend every month and the required return is 12% with quarterly compounding. What is the price?