A stock is expected to pay its first $1 dividend in 9 years from now. The dividend is expected to be paid annually forever and grow by 3% pa (note the negative sign). The discount rate is 6% pa. Estimate the current stock price. The current stock price should be: Select one: a. $9.3066 b. $7.9712 c. $6.9712 d. $6.5766 e. $6.2044