A share of stock just recently released a dividend for $1.19 per share, and has expected growth rate of 1.20% in the next year, 1.90% in the second year, 4.80% in the third year and 3.40% in the fourth year. Finally the firm expects the growth to become 3.30% long-term thereafter. Given that the expected discount rate on these bonds is 14.40%, what is the expected price of this stock?

		a. $10.85
		b. $11.64
		c. $12.04
		d. $10.76