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Integrated Potato Chips just paid a $1.1 per share dividend. You expect the dividend to grow steadily at a rate of 5% per year. a.
Integrated Potato Chips just paid a $1.1 per share dividend. You expect the dividend to grow steadily at a rate of 5% per year. a. What is the expected dividend in each of the next 3 years? (Do not round intermediate calculations. Round your answers to2 decimal places.) Expected Dividend Year 1 Year 2 Year 3 b. If the discount rate for the stock is 11%, at what price will the stock sell today? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current price c. What is the expected stock price 3 years from now? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Future price
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