Your broker offers to sell you some shares of Bahnsen & Co. common stock that paid a dividend of $4.00 yesterday. Bahnsen's dividend is expected to grow at 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. The appropriate discount rate is 11%.

A. ) Find the expected dividend for each of the next 3 years; that is, calculate D₁, D₂ and D₃. Note that D₀ = $4.00. Round your answer 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. Round your answer to the nearest cent.

C.) You expect the price of the stock 3 years from now to be $81.03; that is, you expect P3 to equal $81.03. Discounted at a 11% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $81.03. 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 $81.03, what is the most you should pay for it today? Round your answer to the nearest cent.