Suppose company $xYZ$ just paid a dividend of $$0\mathrm{.}75$ and it is expected to increase its

dividend by $3\%$ per year.

a$)$ If the market requires a return of $12\%$ on assets of this risk level, how much should the

stock be selling for?

b$)$ Three years from now, how much should the stock be selling for then?

c$)$ Suppose we did not know the required rate of return but instead knew today's stock price

is $$3\mathrm{.}50.$ What should be the required rate of return?