Assume you've generated the following intormation about the stock of Ben's Banana Splits: The company's latest dividends of $2.27 a share are expected to grow to $2.47. ned year, to $2.69 ne. year after that, and to $2,93 in year 3 . After that, you think dividends will grow at a constant 6% rate. a. Use the variable growth version of the dividend valuation model and a required return of 12% to find the value of the stock. b. Suppose you plan to hold the stock for three years, selling it immediately after recolving the $2.93 dividend. What is the stock's axpected selling price at that inme? As in part a, asmure a roquing return of 12% c. Imagine that you buy the stock today paying a price equal to the value that you calculated in part a. You hold the slock for throe years, receiving divdends as dascribed above. Imrnedataly aftar receiving the third dividend, you sell the stock at the price calculated in part b. Use the IRR approach to calculate the expected retum on the atock over three years. Could you have guettind what the answer would be before doing the calculation? d. Suppose the stock's curtent market price is actually $41.03. Based on your analysis from part a; is the stock overvalued or undervalued? 6. A triend of yours agrees with your profections of Ben's Banana Splits future dividends, but he believes that in three years, just ather the company pays the 52.93 dividend, the asck will be selling in the market for \$55.10. Given that belief, along with the stock's current market price from part d, calculate the return that your friend oxpects to earn on the stock over the next three yean