12. Dividend Discount Model. Integrated Potato Chips just paid a $1 per share dividend. You expect the dividend to grow steadily at a rate of 4% per year. (LO7-2) a. What is the expected dividend in each of the next 3 years? b. If the discount rate for the stock is 12%, at what price will the stock sell? 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)? Compare your answer to part (b).

3. a worker pushes a 30.5 kg polished stone along a polished table with a force on bonin a straight line for 5.20 s after starting from rest. there is no friction between thestone and the table. at the end of the table. the stone is hooked to a cable with a lengthof 62.0 cm to rotate it to a rough table to store until they can be picked up. the roughtable has a coefficient of static friction 0.702 with the polished stone. remember that 8= 9.80 m/s2a) what is the speed of the stone when it is hooked to the cable? b) what is the tension in the cable while the stone is rotating? (there is still nofriction)c) how much force is needed to make the stone begin sliding from rest on therough table? ius = 0.70262.0 cm30.5 kg20.5 kg6= 0