A stock is expected to pay a dividend of $1.75 at the end of the year (i.e., D₁ = $1.75), and it should continue to grow at a constant rate of 4% a year. If its required return is 13%, what is the stock's expected price 1 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.

Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $1.75 yesterday. Bahnsen's dividend is expected to grow at 6% per year for the next 3 years. If you buy the stock, you plan to hold it for 3 years and then sell it. The appropriate discount rate is 10%.

Find the expected dividend for each of the next 3 years; that is, calculate D₁, D₂ and D₃. Note that D₀ = $1.75. Round your answer to the nearest cent. D₁ = $ D₂ = $ D₃ = $

Given that the first dividend payment will occur 1 year from now, find the present value of the dividend stream; that is, calculate the PVs of D₁, D₂, and D₃ and then sum these PVs. Round your answer to the nearest cent. Do not round your intermediate calculations. $

You expect the price of the stock 3 years from now to be $55.23; that is, you expect to equal $55.23. Discounted at a 10% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $55.23. Round your answer to the nearest cent. Do not round your intermediate calculations. $

If you plan to buy the stock, hold it for 3 years, and then sell it for $55.23, what is the most you should pay for it today? Round your answer to the nearest cent. Do not round your intermediate calculations. $

Use equation below to calculate the present value of this stock. Assume that g = 6% and that it is constant. Do not round intermediate calculations. Round your answer to the nearest cent. $