ABC, Inc pays dividends annually. The expected dividend payment in year 5 is $2.00. The growth rate, which is currently 10%, is expected to decline linearly over ten years, between year 5 and year 15, to a stable rate of 5% thereafter. The required return is 10%. Calculate the current stock price of ABC, Inc. 1)$33.08 2) $37.26 3) $39.19 4) $35.42 Page 17 of 20 3 5 6 8 9 0 E R T Y U O P D F G H J K L