tegrated potato chips just paid a $1 per share dividend. you expect the dividend to grow steadily at a rate of 4% per year. what is the expected dividend in each of the next 3 years? if the discount rate for the stock is 12%, at what price will the stock sell? what is the expected stock price 3 years from now? 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? what is the present value of the stream of payments you found in part (d)?