Deluxe Company expects to pay a dividend of $3 per share at the end of year 1 and $4 per share at the end of year 2, and then be sold for $39 per share at the end of year 2. If the required rate of return on the stock is 15 percent, what is the current value of the stock? Multiple Choice $35.12 $40.00 $40.92 $36.10