show your work. Company Alpha just paid a $2 per share dividend. You expect the dividend to grow steadily at a rate of 4% per year. a) If the discount rate for the stock is 12%, at what price should the stock sell today? b) What is the expected stock price 3 years from now? c) If you buy the stock and plan to sell it 3 years from now, what are your expected cash flows in (i) year 1; (ii) year 2; (iii) year 3? d) What is the present value of the stream of payments you found in part (c)? Compare your answer to part (a).