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Astro Burger announced today that it will begin paying annual dividends. The first dividend of $0.41 will be paid in one year. The second and

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Astro Burger announced today that it will begin paying annual dividends. The first dividend of $0.41 will be paid in one year. The second and third annual dividends will be $0.46 and $0.61, respectively. The forth annual dividend will be $0.91, and subsequent dividends will increase at 3.0 percent per year in perpetuity. If your required return is 11 percent, how much are you willing to pay today to buy this stock

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