Question: Problem 7-11 Stock Values (LO2) Integrated Potato Chips pald a S1 per share dividend yesterday. You expect the dividend to grow steadily at a rate

Problem 7-11 Stock Values (LO2) Integrated Potato Chips pald a S1 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? (Round your answers to the nearest cont.) D D D b. If the discount rate for the stock is 12%, at what price will the stock sell? (Do not round Intermediate calculations, Round your answer to the nearest dollar) Stock price c. What is the expected stock price 3 years from now? (Round your intermediate calculations to 4 decimal places. Round your final answer to the nearest cent.) Expected stock price d-1. If you buy the stock and plan to hold it for 3 years, what payments will you receive? (Do not round intermediate calculations. Round your answers to the nearest cent.) Year 1 Year 2 Year 3 Total cash flow d-2. What is the present value of those payments? (Do not round intermediate calculations. Round your answer to the nearest dollar.) Present value

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