A stock just paid a dividend (Do) of $3 per share. Dividends have been declining at a constant rate of 5% per year and investors expected the same trend to persist in the future. The stock has a beta of 1.5. The current risk-free rate is 2% and the market return (rm) is 12%. What would be the stock price 10 years from today? Assume market equilibrium. Select one: a. $21.10 b. $14.22 c. $9.36 d. $8.72 e. $7.76