ABC Inc is expected to pay its next dividend, in the amount of $9 per share, in one year. The dividends are expected to grow at 8% per year in perpetuity. The stock trades for $75 per share today. Assume the stock is correctly priced, so the stock price at each point in time is equal to the PV of all expected future dividends. a. Draw the timeline, showing the dividends at t=1,2,3,4,5,6 and 7 . b. What is the cost of capital for ABC stock? c. Suppose you buy the stock today, and you plan to sell it next year, immediately after receiving the dividend. i. At what price do you expect to sell your share next year? ii. What is your expected dividend yield? What is your expected capital gain rate? What is your expected holding period return (HPR)? d. Suppose you buy the stock today, and you plan to sell it next year, immediately before the year 1 dividend is paid. i. At what price do you expect to sell your share next year in this case? ii. What is your expected holding period return (HPR)