Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $2.75 yesterday. Bahnsen's dividend is expected to grow at 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. The appropriate discount rate is 10%. a. Find the expected dividend for each of the next 3 years; that is, calculate D1, D2, and D3. Note that Do = $2.75. Do not round intermediate calculations. Round your answers to the nearest cent. D1 = $ D2 = $ D3 = $ b. Given that the first dividend payment will occur 1 year from now, find the present value of the dividend stream; that is, calculate the PVs of D1, D2, and D3, and then sum these PVs. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. You expect the price of the stock 3 years from now to be $187.07; that is, you expect z to equal $187.07. Discounted at a 10% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $187.07. Do not round intermediate calculations. Round your answer to the nearest cent. $ d. If you plan to buy the stock, hold it for 3 years, and then sell it for $187.07, what is the most you should pay for it today? Do not round intermediate calculations. Round your answer to the nearest cent. $ D e. Use equation below to calculate the present value of this stock. fo= Do(1+5) Assume that g = 8% and that it is constant. Do not round intermediate calculations. Round your answer to the nearest cent. $ I'S -5 Is-g f. Is the value of this stock dependent upon how long you plan to hold it? In other words, if your planned holding period was 2 years or 5 years rather than 3 years, would this affect the value of the stock today