4. a. Calculate todays stock price for BMY if last periods dividend was $2.48 and its dividend growth forever is expected to be 4.8% and a required rate of return of 8.2%? (3 Points)

b. Using the above assumptions (Q4), how would you partition BMYs required rate of return... in terms of its dividend yield and capital gains growth rate? Please show the computation. (3 Points)

c. If BMYs dividend was expected to grow at 30% for the next 3 years, and then return to a constant growth rate of 4.8% thereafter (post year 3), what would you model its stock price to be (again, assuming a required rate of return of 8.2% and D0 of $2.48).

Please use Excel and show inputs in each cell. Thank you!!!