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7-4 Integrated Potato Chips paid a $2.20 per share dividend yesterday . You expect the dividend to grow steadily at a rate of 4% per

7-4

Integrated Potato Chips paid a $2.20 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 4% per year.

a.

What is the expected dividend in each of the next 3 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Expected Dividend

Year 1

$

Year 2

Year 3

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