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Integrated Potato Chips just paid a $2.4 per share dividend. You expect the dividend to grow steadily at a rate of 6% per year. a.

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Integrated Potato Chips just paid a $2.4 per share dividend. You expect the dividend to grow steadily at a rate of 6% per year. a. What is the expected dividend in each of the next 3 years? b. If the discount rate for the stock is 10%, at what price will the stock sell today? c. What is the expected stock price 3 years from now? d. If you buy the stock and plan to sell it 3 years from now, what are your expected cash flows in (i) year 1; (ii) year 2; (iii) year 3? e. What is the present value of the stream of payments you found in part (d)? Complete this question by entering your answers in the tabs below. Req A Req B and C Req D Req E 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 Complete this question by entering your answers in the tabs below. Req A Req B and C Reg D Req E years If the discount rate for the stock is 10%, at what price will the stock sell today and what is the expected stock price from now? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. Current price c. Future price Complete this question by entering your answers in the tabs below. Req A Req B and C Req D Req E If you buy the stock and plan to sell it 3 years from now, what are your expected cash flows in (i) year 1; (ii) year 2; (iii) year 3? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Year 1 Year 2 Year 3 Dividend Sale of stock Total cash flow Complete this question by entering your answers in the tabs below. Req A Req B and C Req D Req E What is the present value of the stream of payments you found in part (d)? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Year 1 Year 2 Year 3 PV of cash flow

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