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$11.$

per year for the next $3$ years. If you buy the stock, you plan to hold it for $3$ years and then sell it$.$ The appropriate discount rate is $9\%.$ your answers to the nearest cent.

$D_1=$$

$D_2=$$

$D_3=$$

then sum these PVs$.$ Do not round intermediate calculations. Round your answer to the nearest cent. $ $ Round your answer to the nearest cent.

$

e$.$ Use equation below to calculate the present value of this stock.

widehat$(P{)}_0=\frac{D_0(1+g)}{r_s-g}=\frac{D_1}{r_S-g}$

Assume that $g=7\%$ and that it is constant. Do not round intermediate calculations. Round your answer to the nearest cent. $