Arithmetic average and compound returns* Integrated Potato Chips (IPC) does not pay a dividend. Its current stock price is $150 and there is an equal probability that the return over the coming year will be 10%, +20%, or +50%. a. What is the expected price at year-end? b. If the probabilities of future returns remain unchanged and you could observe the returns of IPC over a large number of years, what would be the (arithmetic) average return? c. If you were to discount IPCs expected price at year-end from part (a) by this number, would you underestimate, overestimate, or correctly estimate the stocks present value? d. If you could observe the returns of IPC over a large number of years, what would be the compound (geometric average) rate of return? e. If you were to discount IPCs expected price at year-end from part (a) by this number, would you underestimate, overestimate, or correctly estimate the stocks present value?