Thames Inc.'s most recent dividend was $2.40 per share. The dividend is expected to grow at 6% per year.

The T-bill rate is 5% and the market return rate is 9%.

The company's beta is 1.3.

What should be the expected price of the stock one year later?

Select one:

a.$64.21

b.$72.14

c.$60.57

d.$57.14

e.$68.06