47. Jazper. Inc. just paid a dividend of $2.14 per share (that is, D0=2.14 ). If the growth rate in Jazper's dividends is expected to shrink every year (forever) by 8 percent (that is, g=8.0%=.08 ) and if Jazper's required rate of return on equity is 26.2%, what is the current equilibrium price of Jazper's stock? 48. Malcolm Manufacturing. Inc. just paid a $2.00 annual dividend (that is, D0=2.00 ). There will be no dividend payment for the next two years (i.e., at t=1 and t=2 ). In year three (t=3), the dividend is expected to be $5.00. The dividend will then grow at 10% annually for the next 3 years (i.e, at t=4,t=5 and t=6 ) and thereafter (i.e, beginning at t=7 ) dividends will grow at a rate of 3% annually forever. Assuming a required return of 14%, what is the current price of the stock