Question 5) Stock ABC just paid a dividend of $3.60. The next dividend paid by the stock will come exactly one year from today, and each subsequent dividend will come one year after the previous dividend. Starting with the annual dividend to be paid one year from now, the dividends are expected have a constant growth rate. The value of the stock right now is $31.05, and the discount rate applicable to the stock is 15.50% per year compounded annually. What is the expected growth rate of the dividends paid by this stock? Round all intermediate calculations to 6 decimal points. Your final answer should be within 0.05% of the correct answer choice. 1) 3.50% 2) 0.59% 3) 2.84% 4) 1.91%