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Astro Burger announced today that it will begin paying annual dividends. The first dividend of $0.33 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 $0.33 will be paid in one year. The second and third annual dividends will be $0.38 and $0.53, respectively. The forth annual dividend will be $0.83, and subsequent dividends will increase at 2.6 percent per year in perpetuity. If your required return is 9 percent annually, how much are you willing to pay today to buy this stock

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