Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $1.50 yesterday. Bahnsen's dividend is expected to grow at 4% per year for the next 3 years, and, if you buy the stock, you plan to hold it for 3 years and then sell it. The appropriate discount rate is 12%. Find the expected dividend for each of the next 3 years; that is, calculate D1, D2 and D3. Note that D0 = $1.50. Round answers to the nearest hundredth. a. D1 = b. D2 = c. D3 = d. Given that the first dividend payment will occur 1 year from now, 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 two decimal places. e. You expect the price of the stock 3 years from now to be $21.93; that is, you expect P ? ?3 to equal $21.93. Discounted at a 12% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $21.93. Round your answer to two decimal places. f. If you plan to buy the stock, hold it for 3 years, and then sell it for $21.93, what is the most you should pay for it today? Round your answer to two decimal places. g. Use Equation 9-2 to calculate the present value of this stock. Assume that g = 4%, and it is constant. Round your answer to two decimal places