Q5 The Isberg Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% per year in the future. The required rate of return is r_s = 13.50%. What is the company's current stock price, P₀? Do not round intermediate calculations.

Question 5 options:

	$10.19
	$9.89
	$9.10
	$7.52
	$10.98