please clearly mark it so i can understand

omework ons, Problem 9.17 (Constant Growth) D = $ D = $ D = $ eBook Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $1.25 yesterday. Bahnsen's dividend is expected to grow at 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. The appropriate discount rate is 9%. a. Find the expected dividend for each of the next 3 years; that is, calculate D, D2, and D3. Note that Do $1.25. Do not round intermediate calculations. Round your answers to the nearest cent. Question 17 of 24 b. Given that the first dividend payment will occur 1 year from now, find the present value of the dividend stream; that is, calculate the PVS of D1, D2, and D1, and then sum these PVs. Do not round intermediate calculations. Round your answer to the nearest cent. $ Check My Work c. You expect the price of the stock 3 years from now to be $81.92; that is, you expect Ps to equal $81.92. Discounted at a 9% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $81.92. 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 $81.92, what is the most you should pay for it today? Do not round intermediate calculations. Round your answer to the nearest cent. e. Use equation below to calculate the present value of this stock. Del+g) Po- D TAPE E Assume that g 7% and that it is constant. Do not round intermediate calculations. Round your answer to the nearest cent. $ te the value of this story denendent unnn how Inne un nian to hold it? In other winde if unir nlanned holding narind wae 3 ware or waare rather than 3