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Intro IBM just paid an annual dividend of $4.3 per share. The dividend is expected to grow by 5% per year. The required rate of

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Intro IBM just paid an annual dividend of $4.3 per share. The dividend is expected to grow by 5% per year. The required rate of return is 12%. IB Part 1 Attempt 1/10 for 10 pts. By DDM/Gordon growth model, what is the price to sell the stock in 3 years? 1+ decimals Submit Part 2 Attempt 1/10 for 10 pts. If you buy the stock today, hold it, sell it in 3 years at the price computed in Part 1, what is the present value of all cashflows -D.D.DP- you receive? 1+ decimals Submit Part 3 IB Attempt 1/10 for 10 pts. By Gordon growth model, what is the current stock price? How does your answer here compare to Part 2, what do you figure? 1+ decimals Submit

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