A stock is expected to pay it's first $0.79999999999999999 dividend in 2 years from now (T=2). The Dividend is expected to be paid annual dividends forever and grow by -3% pa. The Discount rate is 6% pa. Estimate what the stock price will be in 2.75 years from now. The stock price at time 2.75 is expected to be:

Select one:

a) $9.5478

b) $9.2860

c) $9.0074

d) $8.7372

e) $8.6881