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Deluxe Company expects to pay a dividend of $ 4 per share at the end of year 1 and $ 5 per share at the

Deluxe Company expects to pay a dividend of $4 per share at the end of year 1 and $5 per share at the end of year 2, and then be sold for $46 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
$42.04
$47.83
$49.84
$43.02
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