Assume that you plan to buy a share of ABC stock today and t…

Assume that you plan to buy a share of ABC stock today and to hold it for 3 years.  Your expectations are that you will not receive a dividend at the end of Year 1, but you will receive a dividend of $9.25 at the end of Year 2 and $10 at end of Year 3.  In addition, you expect to sell the stock for $150 at the end of Year 3.  If your expected rate of return is 10 percent, how much should you be willing to pay for this stock today?