3. The earnings and dividends of a com panv are expected to increase at a constant rate of 3 percent per yea r. 3. Assuming the last annual dividend was $4 and the required rate of return is 12%, what is the value of the company's stock? b. What value would you expect the stock to have in four years' time? 4. We save an amount of 100 USD every of next three years where the interest rate is 10 % p.a. Calculate the future value of this savings where the frequency of compounding is as follows: FVm', FVm' FVM' F'V'tu:1| FVrJ