Schnusenberg Corporation just paid a dividend of D ₀ = $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.70, the required return on the market is 9.50%, and the risk-free rate is 4.50%. What is the company's current stock price? Do not round intermediate calculations.

	a.	$9.74
	b.	$10.52
	c.	$12.29
	d.	$7.89
	e.	$7.40