You are analyzing Jillians Jewelry (JJ) stock for a possible purchase. JJ just paid a dividend of $2.75 yesterday. You expect the dividend to grow at the rate of 5% 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 = $2.75. Do not round intermediate calculations. Round your answers to the nearest cent. D1 = $ 2.89 D2 = $ 3.03 D3 = $ 3.18 JJ stock has a required return of 10%, 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. Do not round intermediate calculations. Round your answer to the nearest cent. $ 7.52 JJ stock should trade for $66.85 3 years from now (i.e., you expect = $66.85). Discounted at a 10% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $66.85. Do not round intermediate calculations. Round your answer to the nearest cent. $ 0.23 If you plan to buy the stock, hold it for 3 years, and then sell it for $66.85, what is the most you should pay for it? Do not round intermediate calculations. Round your answer to the nearest cent. $ 7.75 Use the constant growth model to calculate the present value of this stock. Assume that gL = 5%, and it is constant. Do not round intermediate calculations. Round your answer to the nearest cent. $ 7.75