Assume that ABC Ltd has a current growth rate of 9% p.a. that is expected to be maintained for only another three years and then fall to 5% p.a., where it is expected to remain indefinitely. Given that the required return on ABC's shares is 12% and that the last dividend of 50 cents has just been paid, the price of ABC's shares will be:

A) 15.02 B) 8.33 C) 13.68 D)10.29