What dividends do you expect for Stock A over the next three years if you expect the dividend to grow at the rate of 3% per year for the next three years? In other words, calculate D1, D2, and D3. Note that D0 = $1.50.

I have no idea what to do to get this answer.

Stock A: Stock B: Market Index Annual Return Stock Price Dividend Annual Return Stock Price Dividend Annual Return 2016 $25.88 $1.73 18.08% $73.13 $4.50 -1.12% $17.09 22.35% 2015 $22.93 $1.59 -1.00% $78.45 $4.35 12.33% $13.27 1.96% 2014 $24.75 $1.50 41.00% $73.13 $4.13 -11.79% $13.01 23.44% 2013 $16.13 $1.43 2.48% $85.88 $3.75 -0.43% $9.96 15.66% 2012 $17.16 $1.35 41.20% $90.00 $3.38 7.83% $8.40 16.79% 2011 $11.44 $1.28 $86.33 $3.00 $7.05 Average Return: 20.26% Average Return: 9.28% Average: 8.57%