13. Human's Inc.'s last dividend (D0) was $1.50, and its earnings and dividends are expected to increase at a constant growth rate of 4%. Humana's market beta is 1.8. If the current risk-free rate is 5% and the required rate of return on the market portfolio is 12%, what is the company's current expected stock price?

Choice: $7.50

Choice: $9.58

Choice: $11.47

Choice: $17.89