The present value of the expected dividend stream if the euro is expected to appreciate 3.10% per annum against the dollar is____________$ (Round to the nearest dollar.)

b. Assume that the euro is expected to depreciate 3.10% per annum against the dollar. Calculate the dividends in U.S. dollars for the next three years below: (Round to the nearest whole number for the dividends and round to four decimal places for the exchange rates.) Year 0 Year 1 Year 2 Year 3 Dividend stream expected from investment () 720,000 Current and expected spot rate ($/) 1.3658 Dividends ($) $ b. Assume that the euro is expected to depreciate 3.10% per annum against the dollar. Calculate the dividends in U.S. dollars for the next three years below: (Round to the nearest whole number for the dividends and round to four decimal places for the exchange rates.) Year 0 Year 1 Year 2 Year 3 Dividend stream expected from investment () 720,000 Current and expected spot rate ($/) 1.3658 Dividends ($) $