Assume that you own some shares in Pinder Co and have received dividends of $0.50 per share today. You expect that Pinder Co's dividends will increase by 10% for the next five years. For the next five years, you expect Pinder Co's dividends to increase by 5%. Afterwards, you expect Pinder Co's dividends to increase by 1% in perpetuity. If the annual discount rate is 10%, what should be the share price of Pinder Co according to the Dividend Discount Model? (Round to the nearest two digits) $9.71 None of the other answers are correct $9.57 $9.61 $9.13