Question: Aspris International just paid an annual dividend of $1.80. Analysts expect this dividend to grow at 7.30% until the end of year eight. Afterwards,

Aspris International just paid an annual dividend of ( $ 1.80 ). Analysts expect this dividend to grow at ( 7.30 % ) un

Aspris International just paid an annual dividend of $1.80. Analysts expect this dividend to grow at 7.30% until the end of year eight. Afterwards, its long-run growth rate will reach 3.80% thereafter. What is the price of Aspris International stock if the firm's equity cost of capital is 12.50%. 1. What is the value of the dividend at t=1? $ (Please round to two decimal places) 2. What is the present value of the first eight dividends? $ (Please round to two decimal places) 3. What is the value of the dividend at t=9? $ (Please round to two decimal places) 4. What is the value of the stock? (Please round to two decimal places)

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