Constant Dividend Growth Valuation You are analyzing Jillian's Jewelry (JJ) stock for a possible purchase. JJ just paid a dividend of $2.75 yesterday. You expect the dividend to grow at the rate of 7% per year for the next 3 years; if you buy the stock, you plan to hold it for 3 years and then sell it. a. What dividends do you expect for JJ stock over the next 3 years? In other words, calculate D1,D2 and D3. Note that D0=$2.75. Do not round intermediate calculations. Round your answers to the nearest cent. D1=$D2=$D3=$ b. JJ stock has a required return of 10%, and so this is the rate you'll use to discount dividends. Find the present value of the dividend stream; that is, calculate the PV of D1,D2, and D3, and then sum these PVs. Do not round intermediate calculations. Round your answe to the nearest cent. $ c. JJ stock should trade for $120.163 years from now (i.e., you expect P3=$120.16 ). Discounted at a 10% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $120.16. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. If you plan to buy the stock, hold it for 3 years, and then sell it for $120.16, what is the most you should pay for it? Do not round intermediate calculations. Round your answer to the nearest cent. $ e. Use the constant growth model to calculate the present value of this stock. Assume that gL=7%, and it is constant. Do not round intermediate calculations. Round your answer to the nearest cent