You are analyzing Jillians Jewelry (JJ) stock for a possible purchase. JJ just paid a dividend of $1.50 yesterday. You expect the dividend to grow at the rate of 8% per year for the next 3 years, if you buy the stock; you plan to hold it for 3 years and then sell it. What dividends do you expect for JJ stock over the next 3 years? In other words, calculate D1, D2 and D3. Note that D0 = $1.50. Round your answers to the nearest cent. D1 = $ D2 = $ D3 = $ JJ's stock has a required return of 9%, and so this is the rate you'll use to discount dividends. Find the present value of the dividend stream; that is, calculate the PV of D1, D2, and D3, and then sum these PVs. Round your answer to the nearest cent. $ JJ stock should trade for $204.07 3 years from now (i.e., you expect = $204.07). Discounted at a 9% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $204.07. Round your answer to the nearest cent. $ If you plan to buy the stock, hold it for 3 years, and then sell it for $204.07, what is the most you should pay for it? Round your answer to the nearest cent. $ Use the constant growth model to calculate the present value of this stock. Assume that g = 8%, and it is constant. Round your answer to the nearest cent. $ Is the value of this stock dependent on how long you plan to hold it? In other words, if your planned holding period were 2 years or 5 years rather than 3 years, would this affect the value of the stock today, ? Explain your answer.