Assume that the dividend is paid $3 today (D₀ = $3), and the dividend is expected to grow at the rate of 2% for each period. Also assume that the required rate of return for this stock is 8%. Answer the following questions. 

a. Find the expected dividends stream for the next 3 years. 

b. Estimate the present value ((P₀ ) ̂) of this stock based on the Constant Growth Model.  

c. Find Divined yield (DY) and Capital gains yield (CGY).