Assume a stock has dividend growth of 10% for the next 2 years. Then its growth declines to 2.5%. If the last dividend is 45p and the required return is 20%, which of the following statements is correct? (Prices in the statements are rounded to the nearest hundredth.)

		Today's price of the stock is 3.01.
		Today's price of the stock is 3.19.
		The price of the stock in two years time is 3.01.
		The price of the stock in two years time is 2.21.
		None of the above.