You expect a share of stock to pay dividends of $1.40, $1.75, and $2.00 in each of the next 3 years. You believe the stock will sell for $27.00 at the end of the third year. a. What is the stock price if the discount rate for the stock is 10%?

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation