You are analyzing Jillian's Jewelry (JJ) stock for a possible purchase, JJ just paid a dividend of $3.50 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. a. What dividends do you expect for J stock over the next 3 years? In other words, calculate D1,D2 and D3. Note that D0=$3.50. Do not round intermediate calculations. Round your answers to the nearest cent. D1=$D2=$D3=$ b. 3 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 PV5. Do not round intermediate calculations. Round your answer to the nearest cent. 5 c. J3 stock should trade for $106.363 years from now (i.e., you expect P3=$106.36 ). Discounted at a 9% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $105,36. Do not round intermediate calculations, Round your answer to the nearest cent. 5 d. If you plan to buy the stock, hold it for 3 years, and then sell it for $106.36, what is the most you should pay for it? Do not round intermediate calculations. Round your answer to the nearest cent. 5 e. Use the constant growth model to calculate the present value of this stock, Assume that g=5% and it is constant. Do not round intermed ate calculations, Round your answer to the nearest cent. 5