Question 3 Asyraf Sdn Bhd has announced that the dividend of the company will increase by 10 percent for the next year and 25 percent for the next 3 years. Thereafter, it will increase to 30 percent. The company has paid the dividend of RM1.80 per share last year. The required of return for his stock is 45 percent. i. Calculate the current value of the stock (16 marks)