Question 9 Not yet answered Marked out of 0.50 P Flag question Exercise 2 Suppose a firm's common stock has just paid a dividend of $3 (hint: t= 0). You expect the dividend to grow at the rate of g, = 0.2 per year for the next 3 years (t = 1, 2, 3); if you buy the stock, you plan to hold it for 3 years and then sell it. Assume that the appropriate discount rate is 0.13. Question 2.1 Answer the following question (0.5 point): What is the expected dividend to be received in 3 years? Answer: Question 10 Not yet answered Marked out of 1.00 P Flag question Question 2.2 Answer the following question (1 point): Given that the first of these dividend payments will occur 1 year from now, what is the present value of the sum of expected dividends to be received in the next three years? Answer: Question 11 Not yet answered Question 2.3 Answer the following question (0.5 point): Assume that you expect the price of the stock to be 34.2 in 3 years from now. What is the present value (t = 0) of this expected future stock price? Marked out of 0.50 P Flag