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 company's beta is 1.90, the market return is 9.00%, and the risk-free rate is 4.00%. What is the company's current stock price, P₀? Do not round intermediate calculations.

a. 10.19

b.9.10

c.10.98

d. 9.89

e.7.52