The current "fundamentals" price of a stock (ps) is the present discounted

value of the future dividend stream, that is:

ps= divt+1/(1 + i1,t)+divt+2/(1+ i2,t)2+divt+3/(1+ i3,t)3+ ......where divt+jis the dollar amount of dividends paid to shareholders at the end of period t+j; also, in,tis the interest rate on an n-periodnon-Treasurybond purchased at time t (today).

If the corona-virus leads to a downward revision in financial market participants' expectations of short-term Treasury interest rates (but havenoeffect on the dividend stream), what is the impact of the change in expectations on the current price of the stock (ps)?Your answer must use both the risk structure of rates and the expectations theory of the term structure of interest rates.