Hunter Petroleum Corporation paid a $9 dividend last year. The dividend is expected to grow at a constant rate of 6 percent forever. The required rate of return is 17 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 $ 9.54 D2 $ 10.112 D3 $ 10.719 b. Calculate the present value of each of the anticipated dividends at a discount rate of 17 percent. (Do not round intermediate calculations. Round the final answers to 3 decimal places.) PV of dividends D1 $ D2 D3 Total $ c. Compute the price of the stock at the end of the third year (P3). (Do not round intermediate calculations. Round the final answer to 2 decimal places.) P3 = D4 Ke g (D4 is equal to D3 times 1.06) Price of the stock $ d. Calculate the present value of the year 3 stock price at a discount rate of 17 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 $ f. Use formula given below to show that it will provide approximately the same answer as part e. (Do not round intermediate calculations. Round the final answer to 2 decimal places.) P0 = D1 Ke g For formula 108, use D1 = $9.54, Ke = 17 percent, and g = 6 percent. (The slight difference between the answers to parts e and f is due to rounding.) Current value $