Assume today is Dec. 314, 2020 and you observe that ECC Company's current stock price is $120. Analysts forecast that ECC's next dividend, to be paid at year-end of 2021, will be $2.50. You also find the following historic annual retums of the company's stock for the last 4 years. 2019 2017 +50% 2018 +40% 2020 -7% ECC's Returns -10% In addition, you have the following information: risk-free rate is 2% and the expected retum on the market is 9.5% a) Based on ECC's return in the last 4 years, calculate the arithmetic average return, geometric average retum, and standard deviation of ECC's stock return b) Assume you use the arithmetic average return you calculated in part a) as an estimation of the stock's future expected return, what should ECC stock's beta be according the CAPM model? c) You are thinking of buying some ECC's stock. You assume that the arithmetic average return you calculated in part a) for ECC's stock is an accurate estimation for its future expected retum. What price should you expect for its stock at the END of 2021, right after next dividend of $2.50 is paid