A share of stock just recently released a dividend for $2.10 per share, and has expected growth rate of 2.20% in the next year, 3.90% in the second year, 1.30% in the third year and 5.00% in the fourth year. Finally the firm expects the growth to become 2.70% long-term thereafter. Given that the expected discount rate on these bonds is 24.80%, what is the expected price of this stock? a. $11.93 b. $9.83 c. $9.50 d. $9.68