Rose, Inc., paid a dividend of $3.0 yesterday. You are interested in investing in this company, which has forecasted a constant-growth rate of 7.5 percent forever. Your required rate of return is 8.5 percent.

a. Compute the expected dividends D1, D2, D3, and D4.

b. Find the present value of these four dividends.

c. What is the expected value of the stock four years from now (i.e.,)