10) You don't plan to be a long term owner of stock ABC, and think you can use the PV(annuity) formula to value one share of stock ABC. If the quarterly dividend is $2.48/ share, the annual interest rate is 8%, you plan to sell the stock after 4 years, what is the present value of this stock (annuity)? A) $38.43/ share B) $34.94/ share C) $32.45/ share D) $33.67/ share 11) You still think there is a better way to value ABC stock. You think that dividends should grow over time, so you think you should value the cash flow stream as the PV of a growing annuity. If the annual dividend growth rate is 5%, what is the present value of this growing annuity? A) $36.83/ share B) $35.94/ share C) $38.25/ share D) $33.67/ share