Q4) Suppose a firm's common stock paid a dividend of $2 yesterday. You expect the dividend to grow at the rate of 5% per year for the next 3 years; if you buy the stock, you plan to hold it for 3 years and then sell it. a. Find the expected dividend for each of the next 3 years; in other words, calculate D1, D2, and D3. Given (DO = $2). b. Given that the appropriate discount rate is 12% and that the first of these dividend payments will occur 1 year from now, find the present value of the dividend stream; the sum these PVs. c. You expect the price of the stock 3 years from now to be $34.73 (i.e., you expect ^P3= $34.73). Discounted at a 12% rate, what is the present value of this expected future stock price? d. If you plan to buy the stock, hold it for 3 years, and then sell it for $34.73, what is the most you should pay for it