Hunter Petroleum Corporation paid a $2 dividend last year, but the company expected that earnings and dividends will grow by 30% for the next two years before dropping to a constant 5% growth rate afterwards. The dividend is expected to grow at a constant rate of 5 percent forever. The required rate of return is 11 percent (this will also serve as the discount rate in this problem). (Use a Financial calculator to arrive at the answers.) a. Compute the anticipated value of the dividends for the next three years. (Do not round intermediate calculations. Round the final answer to 3 decimal places.) Anticipated value D1 $ D2 $ D3 $ b. Calculate the present value of the anticipated dividends for the first two years at a discount rate of 11 percent. (Do not round intermediate calculations. Round the final answers to 3 decimal places.) PV of dividends D1 $ D2 Total $ c. Compute the price of the stock at the end of the second year (P2). (Round intermediate calculations to 2 decimal places. Round the final answer to 2 decimal places.) P2 = D3 Ke g Price of the stock $ d. Calculate the present value of the year 2 stock price at a discount rate of 11 percent. (Do not round intermediate calculations. Round the final answer to 3 decimal places.) Price of the stock (discounted) $ e. Compute the current value of the stock. (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Current value $