Assume that XYZ Corp. expects its next dividend to be $50, the two dividends following it to grow at a rate of 15 percent per year, and all subsequent dividends to grow at a rate of 10 percent per year. If the required rate of return for this stock is 18 percent, what should be the price of this stock today?

a. $6.77

b. $6.98

c. $9.09

d. $9.75